CSM Advisors LLC Decreases Stock Position in Invesco QQQ $QQQ

CSM Advisors LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,219 shares of the exchange traded fund’s stock after selling 1,097 shares during the quarter. Invesco QQQ accounts for 3.3% of CSM Advisors LLC’s investment portfolio, making the stock its biggest position. CSM Advisors LLC’s holdings in Invesco QQQ were worth $119,606,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the third quarter valued at $25,000. Navigoe LLC raised its position in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. PayPay Securities Corp lifted its stake in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ during the third quarter worth about $42,000. Finally, Accent Capital Management LLC boosted its holdings in shares of Invesco QQQ by 43.1% in the 3rd quarter. Accent Capital Management LLC now owns 83 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 25 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.6%

Shares of Invesco QQQ stock opened at $593.72 on Friday. The business’s 50-day moving average price is $613.26 and its 200-day moving average price is $608.68. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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About Invesco QQQ

(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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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