Pettyjohn Wood & White Inc. decreased its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,446 shares of the exchange traded fund’s stock after selling 1,030 shares during the quarter. Invesco QQQ Trust accounts for about 1.3% of Pettyjohn Wood & White Inc.’s holdings, making the stock its 29th biggest holding. Pettyjohn Wood & White Inc.’s holdings in Invesco QQQ Trust were worth $4,427,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Macroview Investment Management LLC lifted its stake in Invesco QQQ Trust by 112.7% in the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 1,200 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Invesco QQQ Trust during the second quarter worth approximately $29,000. Financial Advantage Inc. acquired a new stake in Invesco QQQ Trust during the third quarter worth approximately $33,000. KCS Wealth Advisory acquired a new stake in Invesco QQQ Trust during the third quarter worth approximately $40,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Invesco QQQ Trust during the second quarter worth approximately $44,000. 42.79% of the stock is owned by institutional investors and hedge funds.
QQQ stock traded up $0.80 during midday trading on Friday, reaching $201.23. 15,258,500 shares of the company were exchanged, compared to its average volume of 32,049,098. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $201.72. The stock’s 50-day simple moving average is $192.20 and its 200 day simple moving average is $188.14.
The business also recently disclosed a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.3842 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 0.8%.
About Invesco QQQ Trust
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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