Brighton Jones LLC Sells 105 Shares of Invesco QQQ (NASDAQ:QQQ)

Brighton Jones LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,359 shares of the exchange traded fund’s stock after selling 105 shares during the quarter. Invesco QQQ makes up about 0.6% of Brighton Jones LLC’s portfolio, making the stock its 29th biggest holding. Brighton Jones LLC’s holdings in Invesco QQQ were worth $16,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $488.36 on Thursday. The stock’s fifty day simple moving average is $479.75 and its 200 day simple moving average is $466.12. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

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

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.