Twin Peaks Wealth Advisors LLC Sells 264 Shares of Invesco QQQ (NASDAQ:QQQ)

Twin Peaks Wealth Advisors LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,710 shares of the exchange traded fund’s stock after selling 264 shares during the period. Invesco QQQ comprises about 2.2% of Twin Peaks Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Twin Peaks Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 46,491.6% in 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 acquiring an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after buying an additional 338,494 shares during the period. Steel Grove Capital Advisors LLC boosted its position in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco QQQ by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after buying an additional 33,790 shares during the period. Finally, 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 acquiring an additional 2,762,571 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

QQQ stock traded down $0.26 during trading on Wednesday, hitting $499.90. 6,521,496 shares of the company traded hands, compared to its average volume of 38,532,738. The company has a 50-day moving average of $481.19 and a 200-day moving average of $467.84. Invesco QQQ has a 1 year low of $346.62 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

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