Invesco QQQ (NASDAQ:QQQ) Shares Sold by Cavalier Investments LLC

Cavalier Investments LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,102 shares of the exchange traded fund’s stock after selling 1,821 shares during the quarter. Invesco QQQ makes up 7.8% of Cavalier Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. Cavalier Investments LLC’s holdings in Invesco QQQ were worth $25,429,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the 2nd quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the 1st quarter valued at approximately $40,000. CGC Financial Services LLC raised its stake in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6 %

QQQ opened at $495.32 on Monday. The business has a 50 day moving average price of $480.51 and a two-hundred day moving average price of $467.05. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

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