Noesis Capital Mangement Corp Has $650,000 Position in Invesco QQQ (NASDAQ:QQQ)

Noesis Capital Mangement Corp trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,332 shares of the exchange traded fund’s stock after selling 110 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Invesco QQQ were worth $650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PBCay One RSC Ltd increased its position in shares of Invesco QQQ by 6.2% during the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after buying an additional 22,000 shares during the period. Russell Investments Group Ltd. grew its holdings in Invesco QQQ by 140.6% during the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after acquiring an additional 142 shares during the period. Vanguard Group Inc. raised its position in shares of Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after acquiring an additional 832 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $210,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $28,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.8 %

NASDAQ QQQ opened at $505.30 on Thursday. The business has a 50 day simple moving average of $495.14 and a 200 day simple moving average of $478.31. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.54%.

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.