Sicart Associates LLC Buys 1,539 Shares of Invesco QQQ $QQQ

Sicart Associates LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,539 shares of the exchange traded fund’s stock, valued at approximately $1,092,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $28,000. High Point Wealth Management LLC grew its stake in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 25 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $44,000. Finally, DecisionPoint Financial LLC increased its position in shares of Invesco QQQ by 65.0% during the 3rd quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 26 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $690.49 on Monday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The business’s 50 day moving average is $725.00 and its 200-day moving average is $679.01.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.

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.