Invesco QQQ $QQQ Stock Position Lowered by TTP Investments Inc.

TTP Investments Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 18.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 50,994 shares of the exchange traded fund’s stock after selling 11,419 shares during the period. Invesco QQQ makes up approximately 10.2% of TTP Investments Inc.’s portfolio, making the stock its 5th biggest holding. TTP Investments Inc.’s holdings in Invesco QQQ were worth $31,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of QQQ. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ in the second quarter worth about $290,000. Wealth Group Ltd. increased its holdings in shares of Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after buying an additional 18,210 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after buying an additional 30,206 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6%

QQQ opened at $651.42 on Friday. The business’s 50-day moving average price is $604.85 and its 200-day moving average price is $611.96. Invesco QQQ has a 12 month low of $455.83 and a 12 month high of $656.92.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ News Roundup

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

Invesco QQQ Profile

(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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