Capital Management Associates Inc Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

by · The Markets Daily

Capital Management Associates Inc decreased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,620 shares of the exchange traded fund’s stock after selling 369 shares during the quarter. Invesco QQQ accounts for approximately 7.5% of Capital Management Associates Inc’s holdings, making the stock its 4th largest position. Capital Management Associates Inc’s holdings in Invesco QQQ were worth $18,361,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Prospect Financial Services LLC lifted its stake in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares in the last quarter. Skyline Advisors Inc. boosted its position in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC lifted its stake in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. raised its position in shares of Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 22 shares in the last quarter. Finally, MPS Loria Financial Planners LLC raised its holdings in shares of Invesco QQQ by 0.8% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,297,000 after acquiring an additional 22 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

Shares of QQQ opened at $495.32 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock has a 50-day moving average price of $480.10 and a 200-day moving average price of $466.30.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

About Invesco QQQ

(Free Report)

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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