Blackston Financial Advisory Group LLC Sells 2,139 Shares of Invesco QQQ (NASDAQ:QQQ)

Blackston Financial Advisory Group LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 33.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,352 shares of the exchange traded fund’s stock after selling 2,139 shares during the period. Invesco QQQ makes up approximately 1.1% of Blackston Financial Advisory Group LLC’s investment portfolio, making the stock its 17th biggest position. Blackston Financial Advisory Group LLC’s holdings in Invesco QQQ were worth $2,124,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. Heritage Financial Services LLC grew its stake in Invesco QQQ by 11.2% during the third quarter. Heritage Financial Services LLC now owns 782 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 79 shares in the last quarter. Ballentine Partners LLC raised its stake in Invesco QQQ by 0.7% during the third quarter. Ballentine Partners LLC now owns 39,370 shares of the exchange traded fund’s stock worth $19,215,000 after acquiring an additional 278 shares in the last quarter. Heritage Oak Wealth Advisors LLC bought a new position in shares of Invesco QQQ in the third quarter worth about $7,923,000. Busey Bank boosted its stake in shares of Invesco QQQ by 9.0% in the 3rd quarter. Busey Bank now owns 11,385 shares of the exchange traded fund’s stock valued at $5,557,000 after purchasing an additional 943 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in shares of Invesco QQQ by 48.1% during the 3rd quarter. Silver Oak Securities Incorporated now owns 32,807 shares of the exchange traded fund’s stock valued at $15,948,000 after purchasing an additional 10,656 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $495.32 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The firm has a 50 day simple moving average of $480.10 and a 200 day simple moving average of $466.30.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ 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.