Invesco QQQ Trust (QQQ) Shares Sold by Concorde Asset Management LLC

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Concorde Asset Management LLC lessened its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 67.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,048 shares of the exchange traded fund’s stock after selling 14,622 shares during the period. Invesco QQQ Trust accounts for 1.3% of Concorde Asset Management LLC’s holdings, making the stock its 19th biggest position. Concorde Asset Management LLC’s holdings in Invesco QQQ Trust were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Congress Park Capital LLC acquired a new position in Invesco QQQ Trust in the 3rd quarter valued at $288,000. GWM Advisors LLC grew its holdings in Invesco QQQ Trust by 37.0% in the 3rd quarter. GWM Advisors LLC now owns 30,548 shares of the exchange traded fund’s stock valued at $5,676,000 after buying an additional 8,246 shares in the last quarter. Fluent Financial LLC acquired a new position in Invesco QQQ Trust in the 3rd quarter valued at $280,000. LeJeune Puetz Investment Counsel LLC grew its holdings in Invesco QQQ Trust by 47.4% in the 3rd quarter. LeJeune Puetz Investment Counsel LLC now owns 1,559 shares of the exchange traded fund’s stock valued at $290,000 after buying an additional 501 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Invesco QQQ Trust by 22.1% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 10,544 shares of the exchange traded fund’s stock valued at $1,959,000 after buying an additional 1,906 shares in the last quarter. Institutional investors and hedge funds own 39.19% of the company’s stock.

NASDAQ QQQ traded up $1.24 on Tuesday, reaching $164.47. The stock had a trading volume of 24,597,044 shares, compared to its average volume of 76,939,312. Invesco QQQ Trust has a 1-year low of $150.13 and a 1-year high of $187.53.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th will be issued a $0.3298 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Monday, September 24th.

About Invesco QQQ Trust

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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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