MorganRosel Wealth Management LLC cut its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,579 shares of the exchange traded fund’s stock after selling 614 shares during the period. Invesco QQQ Trust comprises approximately 3.8% of MorganRosel Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. MorganRosel Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $4,641,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Macroview Investment Management LLC increased its stake in shares of Invesco QQQ Trust by 112.7% during the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,200 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Invesco QQQ Trust during the second quarter worth about $29,000. Financial Advantage Inc. purchased a new stake in shares of Invesco QQQ Trust during the third quarter worth about $33,000. KCS Wealth Advisory purchased a new stake in shares of Invesco QQQ Trust during the third quarter worth about $40,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Invesco QQQ Trust during the second quarter worth about $44,000. Institutional investors own 42.79% of the company’s stock.
QQQ traded up $0.80 on Friday, reaching $201.23. 15,258,500 shares of the company’s stock were exchanged, compared to its average volume of 32,049,098. The stock’s fifty day moving average price is $192.35 and its 200-day moving average price is $188.20. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $201.72.
The company also recently declared a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.3842 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a dividend yield of 0.8%.
Invesco QQQ Trust Company Profile
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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