Invesco QQQ (NASDAQ:QQQ) Shares Sold by Kiely Wealth Advisory Group Inc.

Kiely Wealth Advisory Group Inc. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,273 shares of the exchange traded fund’s stock after selling 92 shares during the quarter. Invesco QQQ comprises 1.4% of Kiely Wealth Advisory Group Inc.’s portfolio, making the stock its 11th largest position. Kiely Wealth Advisory Group Inc.’s holdings in Invesco QQQ were worth $2,193,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of QQQ. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Invesco QQQ by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock worth $1,219,115,000 after purchasing an additional 64,401 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $509.74 on Friday. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The company’s 50 day moving average price is $496.13 and its 200 day moving average price is $478.96.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Profile

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.