Tamar Securities LLC Sells 126 Shares of Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Tamar Securities LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,032 shares of the exchange traded fund’s stock after selling 126 shares during the quarter. Tamar Securities LLC’s holdings in Invesco QQQ were worth $504,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QQQ. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $293,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares during the last quarter. GenWealth Group Inc. grew its stake in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the last quarter. Socha Financial Group LLC grew its stake in shares of Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC grew its stake in shares of Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.0 %

QQQ opened at $490.91 on Thursday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The stock’s 50 day moving average price is $475.94 and its 200-day moving average price is $464.29.

Invesco QQQ Cuts Dividend

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

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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