Financial Futures Ltd Liability Co. Sells 780 Shares of Invesco QQQ (NASDAQ:QQQ)

Financial Futures Ltd Liability Co. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,249 shares of the exchange traded fund’s stock after selling 780 shares during the quarter. Invesco QQQ comprises approximately 2.0% of Financial Futures Ltd Liability Co.’s investment portfolio, making the stock its 20th biggest position. Financial Futures Ltd Liability Co.’s holdings in Invesco QQQ were worth $3,538,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its position in shares of 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 purchasing an additional 24 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $1.29 during midday trading on Monday, hitting $496.61. The company’s stock had a trading volume of 10,513,703 shares, compared to its average volume of 38,691,699. The stock has a fifty day moving average price of $480.51 and a 200 day moving average price of $467.05. Invesco QQQ has a one year low of $346.45 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.