SeaBridge Investment Advisors LLC Sells 1,167 Shares of Invesco QQQ $QQQ

SeaBridge Investment Advisors LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 26.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,178 shares of the exchange traded fund’s stock after selling 1,167 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Invesco QQQ were worth $1,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Securities Inc. increased its stake in Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $803,000. BCGM Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 13.6% in the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after buying an additional 3,066 shares during the period. Wisconsin Wealth Advisors LLC increased its position in shares of Invesco QQQ by 21.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock worth $3,722,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Prospect Financial Services LLC raised its holdings in shares of Invesco QQQ by 9.1% during the second quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after acquiring an additional 986 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Stock Up 1.0%

QQQ opened at $623.86 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The firm’s fifty day simple moving average is $616.39 and its 200 day simple moving average is $591.63.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd.

Invesco QQQ Profile

(Free Report)

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 (NASDAQ:QQQ)

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