Wealthfront Advisers LLC Sells 4,494 Shares of Invesco QQQ $QQQ

Wealthfront Advisers LLC lessened its position in Invesco QQQ (NASDAQ:QQQFree Report) by 2.4% in the first quarter, HoldingsChannel reports. The firm owned 180,262 shares of the exchange traded fund’s stock after selling 4,494 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco QQQ were worth $104,044,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QQQ. Bank of America Corp DE lifted its position in Invesco QQQ by 381.0% during the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after buying an additional 26,505,055 shares during the period. Corient Private Wealth LLC grew its position in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after buying an additional 20,852,432 shares during the period. Delta Global Management LP purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $821,084,000. Align Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $78,118,000. Finally, SG Americas Securities LLC increased its stake in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $717.74 on Thursday. Invesco QQQ has a fifty-two week low of $551.56 and a fifty-two week high of $748.65. The firm’s 50-day simple moving average is $720.50 and its two-hundred day simple moving average is $652.26.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(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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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 (NASDAQ:QQQFree Report).

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

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