Invesco QQQ (NASDAQ:QQQ) Shares Sold by Virtue Capital Management LLC

Virtue Capital Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 15.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,419 shares of the exchange traded fund’s stock after selling 7,172 shares during the quarter. Invesco QQQ comprises 3.8% of Virtue Capital Management LLC’s holdings, making the stock its 6th biggest position. Virtue Capital Management LLC’s holdings in Invesco QQQ were worth $18,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC lifted its stake in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in Invesco QQQ in the second quarter valued at approximately $215,600,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $520.60 on Wednesday. The company’s fifty day simple moving average is $500.28 and its 200-day simple moving average is $482.21. Invesco QQQ has a 52 week low of $391.53 and a 52 week high of $526.72.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was 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.