Modera Wealth Management LLC Sells 608 Shares of Invesco QQQ Trust (QQQ)

Modera Wealth Management LLC lowered its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 29.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,463 shares of the exchange traded fund’s stock after selling 608 shares during the quarter. Modera Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $272,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harvard Management Co. Inc. boosted its stake in Invesco QQQ Trust by 7.7% during the 3rd quarter. Harvard Management Co. Inc. now owns 44,411 shares of the exchange traded fund’s stock valued at $8,251,000 after purchasing an additional 3,157 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Invesco QQQ Trust by 37.2% during the 3rd quarter. CIBC World Markets Inc. now owns 109,527 shares of the exchange traded fund’s stock valued at $20,349,000 after purchasing an additional 29,689 shares during the last quarter. Peak Asset Management LLC boosted its stake in Invesco QQQ Trust by 67.0% during the 3rd quarter. Peak Asset Management LLC now owns 7,160 shares of the exchange traded fund’s stock valued at $1,330,000 after purchasing an additional 2,873 shares during the last quarter. BSW Wealth Partners boosted its stake in Invesco QQQ Trust by 653.9% during the 3rd quarter. BSW Wealth Partners now owns 13,458 shares of the exchange traded fund’s stock valued at $1,410,000 after purchasing an additional 11,673 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC boosted its stake in Invesco QQQ Trust by 2,409.1% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 552 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 530 shares during the last quarter. Institutional investors own 41.18% of the company’s stock.

Shares of QQQ opened at $159.21 on Friday. Invesco QQQ Trust has a 12 month low of $150.13 and a 12 month high of $187.53.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th were paid a dividend of $0.3298 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a $1.32 annualized dividend and a yield of 0.83%.

Separately, Bank of America downgraded Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.

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Invesco QQQ Trust Company 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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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