Abacus Wealth Partners LLC Sells 462 Shares of Invesco QQQ (NASDAQ:QQQ)

Abacus Wealth Partners LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 46.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 538 shares of the exchange traded fund’s stock after selling 462 shares during the period. Abacus Wealth Partners LLC’s holdings in Invesco QQQ were worth $263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $29,000. Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Finally, Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of NASDAQ:QQQ opened at $481.59 on Friday. The firm’s 50 day moving average price is $469.07 and its 200-day moving average price is $461.18. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date is 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.