Invesco QQQ $QQQ Stake Trimmed by Invst LLC

Invst LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 12.6% during the first quarter, Holdings Channel reports. The fund owned 39,553 shares of the exchange traded fund’s stock after selling 5,715 shares during the period. Invesco QQQ makes up approximately 2.5% of Invst LLC’s portfolio, making the stock its 9th largest position. Invst LLC’s holdings in Invesco QQQ were worth $18,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $1,018,000. Sentinus LLC lifted its stake in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund’s stock valued at $3,307,000 after buying an additional 970 shares in the last quarter. Sendero Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $273,000. Griffith & Werner Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $583,000. Finally, GSG Advisors LLC lifted its stake in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $584.08 on Friday. The firm’s 50 day moving average is $567.63 and its 200 day moving average is $519.99. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $584.88.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.