Pathway Financial Advisers LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Pathway Financial Advisers LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 392 shares of the exchange traded fund’s stock after selling 41 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Invesco QQQ were worth $191,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. PFG Investments LLC raised its position in shares of Invesco QQQ by 9.5% during the 3rd quarter. PFG Investments LLC now owns 35,499 shares of the exchange traded fund’s stock worth $17,326,000 after acquiring an additional 3,072 shares in the last quarter. Viewpoint Capital Management LLC increased its stake in Invesco QQQ by 21.8% in the third quarter. Viewpoint Capital Management LLC now owns 2,528 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 453 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Invesco QQQ by 80.0% during the third quarter. NorthCrest Asset Manangement LLC now owns 7,738 shares of the exchange traded fund’s stock worth $3,776,000 after purchasing an additional 3,440 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Invesco QQQ by 16.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 49,052 shares of the exchange traded fund’s stock worth $23,941,000 after buying an additional 7,069 shares during the last quarter. Finally, BKM Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 0.8% in the 3rd quarter. BKM Wealth Management LLC now owns 9,459 shares of the exchange traded fund’s stock valued at $4,617,000 after buying an additional 72 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6 %

NASDAQ QQQ opened at $495.32 on Friday. The firm’s fifty day moving average price is $480.51 and its 200 day moving average price is $466.85. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Profile

(Free Report)

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.

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