Invesco QQQ (NASDAQ:QQQ) Stake Lessened by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 26,576 shares of the exchange traded fund’s stock after selling 753 shares during the quarter. Invesco QQQ accounts for 3.2% of Bernardo Wealth Planning LLC’s investment portfolio, making the stock its 11th biggest holding. Bernardo Wealth Planning LLC’s holdings in Invesco QQQ were worth $13,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Atwater Malick LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $293,000. Westwood Holdings Group Inc. boosted its holdings in 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 in the last quarter. Socha Financial Group LLC grew its position in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares in the last quarter. Finally, WFA Asset Management Corp lifted its position in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after acquiring an additional 1,894 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $494.47 on Monday. The stock’s fifty day simple moving average is $477.68 and its 200 day simple moving average is $465.15. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.