Invesco QQQ $QQQ Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQFree Report) by 99.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 568 shares of the exchange traded fund’s stock after selling 312,789 shares during the period. Laurel Wealth Advisors LLC’s holdings in Invesco QQQ were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. 1832 Asset Management L.P. raised its stake in shares of Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after buying an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in Invesco QQQ during the 2nd quarter valued at about $1,236,482,000. HRT Financial LP raised its position in Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco QQQ by 42.4% in the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Finally, Kensington Asset Management LLC grew its position in shares of Invesco QQQ by 2,124.5% in the second quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after purchasing an additional 350,388 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $608.09 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm has a 50 day simple moving average of $616.04 and a 200-day simple moving average of $606.86.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%.

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

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