Mascoma Wealth Management LLC Sells 1,785 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Mascoma Wealth Management LLC reduced its position in Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,407 shares of the exchange traded fund’s stock after selling 1,785 shares during the quarter. Invesco QQQ Trust makes up about 0.9% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Mascoma Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $2,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QQQ. Principal Financial Group Inc. bought a new position in shares of Invesco QQQ Trust during the fourth quarter worth $1,492,000. Public Sector Pension Investment Board lifted its position in Invesco QQQ Trust by 103.6% during the fourth quarter. Public Sector Pension Investment Board now owns 5,000 shares of the exchange traded fund’s stock valued at $1,989,000 after purchasing an additional 145,000 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Invesco QQQ Trust during the fourth quarter valued at $1,632,000. IHT Wealth Management LLC lifted its position in Invesco QQQ Trust by 81.2% during the fourth quarter. IHT Wealth Management LLC now owns 94,145 shares of the exchange traded fund’s stock valued at $37,456,000 after purchasing an additional 42,180 shares during the last quarter. Finally, William Allan LLC bought a new position in Invesco QQQ Trust during the fourth quarter valued at $36,000. 41.46% of the stock is currently owned by institutional investors.

Invesco QQQ Trust Trading Down 1.2 %

QQQ stock opened at $280.07 on Friday. Invesco QQQ Trust has a 52 week low of $269.28 and a 52 week high of $408.71. The company has a fifty day simple moving average of $307.43 and a two-hundred day simple moving average of $312.52.

Invesco QQQ Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.519 per share. The ex-dividend date is Monday, September 19th. This represents a $2.08 annualized dividend and a yield of 0.74%.

Invesco QQQ Trust Profile

(Get Rating)

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.

Further Reading

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

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