Invesco QQQ (NASDAQ:QQQ) Stock Holdings Trimmed by Jackson Square Capital LLC

Jackson Square Capital LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,764 shares of the exchange traded fund’s stock after selling 222 shares during the quarter. Jackson Square Capital LLC’s holdings in Invesco QQQ were worth $861,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. David J Yvars Group grew its holdings in shares of Invesco QQQ by 4.4% during the third quarter. David J Yvars Group now owns 25,659 shares of the exchange traded fund’s stock valued at $12,523,000 after purchasing an additional 1,089 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $29,995,000. Baugh & Associates LLC grew its holdings in shares of Invesco QQQ by 20.3% during the third quarter. Baugh & Associates LLC now owns 782 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 132 shares during the last quarter. Advisors Management Group Inc. ADV grew its holdings in shares of Invesco QQQ by 3.0% during the third quarter. Advisors Management Group Inc. ADV now owns 5,815 shares of the exchange traded fund’s stock valued at $2,838,000 after purchasing an additional 169 shares during the last quarter. Finally, Graypoint LLC grew its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Graypoint LLC now owns 1,744 shares of the exchange traded fund’s stock valued at $851,000 after purchasing an additional 101 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 2.7 %

Shares of NASDAQ QQQ opened at $505.58 on Thursday. The stock has a 50 day simple moving average of $483.00 and a 200-day simple moving average of $470.34. Invesco QQQ has a 12-month low of $369.05 and a 12-month high of $506.41.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.54%.

Invesco QQQ Company 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.