MFA Wealth Advisors LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

MFA Wealth Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,664 shares of the exchange traded fund’s stock after selling 313 shares during the period. Invesco QQQ makes up 1.7% of MFA Wealth Advisors LLC’s portfolio, making the stock its 18th biggest position. MFA Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,645,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at $293,000. Westwood Holdings Group Inc. lifted its holdings in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the period. Socha Financial Group LLC boosted 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 purchasing an additional 1,153 shares during the last quarter. SVB Wealth LLC grew its stake in shares of Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the period. Finally, WFA Asset Management Corp increased 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 purchasing an additional 1,894 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $488.36 on Thursday. The company’s 50 day moving average is $479.75 and its 200 day moving average is $466.12. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend 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.