Invesco QQQ (NASDAQ:QQQ) is Traction Financial Partners LLC’s 2nd Largest Position

Traction Financial Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,477 shares of the exchange traded fund’s stock after selling 3,004 shares during the quarter. Invesco QQQ makes up about 10.9% of Traction Financial Partners LLC’s holdings, making the stock its 2nd largest position. Traction Financial Partners LLC’s holdings in Invesco QQQ were worth $13,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted 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 worth $7,173,000 after buying an additional 1,993 shares during the period. Socha Financial Group LLC lifted its position in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares in the last quarter. Bank Hapoalim BM grew its stake in Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares during the period. Arrow Financial Corp increased its position in shares of Invesco QQQ by 7.2% in the third quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock worth $68,997,000 after acquiring an additional 9,516 shares in the last quarter. Finally, SVB Wealth LLC raised its stake in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1 %

Shares of QQQ traded down $0.53 during midday trading on Thursday, reaching $511.72. 5,642,712 shares of the company were exchanged, compared to its average volume of 38,089,418. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The stock has a 50-day moving average price of $487.42 and a 200-day moving average price of $473.42.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. 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.