NorthRock Partners LLC Sells 351 Shares of Invesco QQQ (NASDAQ:QQQ)

NorthRock Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,940 shares of the exchange traded fund’s stock after selling 351 shares during the period. NorthRock Partners LLC’s holdings in Invesco QQQ were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Global Wealth Management Investment Advisory Inc. grew its holdings in Invesco QQQ by 1.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 29,463 shares of the exchange traded fund’s stock worth $14,380,000 after acquiring an additional 479 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its stake in shares of Invesco QQQ by 0.8% during the third quarter. Arthur M. Cohen & Associates LLC now owns 10,292 shares of the exchange traded fund’s stock valued at $4,953,000 after purchasing an additional 83 shares during the last quarter. Geneva Partners LLC increased its holdings in shares of Invesco QQQ by 0.4% in the third quarter. Geneva Partners LLC now owns 7,139 shares of the exchange traded fund’s stock valued at $3,484,000 after purchasing an additional 30 shares in the last quarter. United Advisor Group LLC raised its position in Invesco QQQ by 5.0% in the 3rd quarter. United Advisor Group LLC now owns 4,815 shares of the exchange traded fund’s stock worth $2,350,000 after purchasing an additional 229 shares during the last quarter. Finally, AlphaCentric Advisors LLC lifted its holdings in Invesco QQQ by 28.4% during the 3rd quarter. AlphaCentric Advisors LLC now owns 4,182 shares of the exchange traded fund’s stock worth $2,041,000 after buying an additional 925 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0 %

Shares of NASDAQ QQQ traded up $5.06 during midday trading on Tuesday, hitting $491.07. The stock had a trading volume of 3,896,416 shares, compared to its average volume of 38,395,133. Invesco QQQ has a fifty-two week low of $366.91 and a fifty-two week high of $503.52. The company’s 50-day simple moving average is $482.01 and its 200 day simple moving average is $469.55.

Invesco QQQ Cuts Dividend

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

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.