Invesco QQQ $QQQ Position Trimmed by Worth Asset Management LLC

Worth Asset Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 38.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,135 shares of the exchange traded fund’s stock after selling 9,621 shares during the period. Invesco QQQ accounts for 4.1% of Worth Asset Management LLC’s holdings, making the stock its 3rd biggest position. Worth Asset Management LLC’s holdings in Invesco QQQ were worth $9,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Brighton Jones LLC lifted its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. American Century Companies Inc. purchased a new position in shares of Invesco QQQ in the first quarter valued at about $3,442,000. Trexquant Investment LP boosted its stake in shares of Invesco QQQ by 45.5% in the first quarter. Trexquant Investment LP now owns 1,567 shares of the exchange traded fund’s stock worth $735,000 after acquiring an additional 490 shares during the period. Finally, Calton & Associates Inc. boosted its stake in shares of Invesco QQQ by 61.2% in the first quarter. Calton & Associates Inc. now owns 40,278 shares of the exchange traded fund’s stock worth $18,887,000 after acquiring an additional 15,288 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $623.89 on Monday. The business’s 50 day moving average is $616.25 and its 200 day moving average is $587.30. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.7941 per share. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ 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.