Brass Tax Wealth Management Inc. Sells 613 Shares of Invesco QQQ (NASDAQ:QQQ)

Brass Tax Wealth Management Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 29.6% in the third quarter, Holdings Channel reports. The fund owned 1,455 shares of the exchange traded fund’s stock after selling 613 shares during the quarter. Brass Tax Wealth Management Inc.’s holdings in Invesco QQQ were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter valued at about $30,000. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ during the third quarter valued at about $62,000. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 28 shares during the period. Finally, Bray Capital Advisors lifted its stake in shares of Invesco QQQ by 78.0% in the second quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 64 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ QQQ traded up $1.26 during mid-day trading on Friday, hitting $527.76. The company had a trading volume of 11,335,353 shares, compared to its average volume of 37,123,145. The business’s 50-day simple moving average is $502.92 and its 200-day simple moving average is $483.29. Invesco QQQ has a 12 month low of $395.34 and a 12 month high of $533.17.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ 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.