Invesco QQQ $QQQ Shares Sold by Insight Advisors LLC PA

Insight Advisors LLC PA cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,509 shares of the exchange traded fund’s stock after selling 1,004 shares during the quarter. Invesco QQQ accounts for 1.3% of Insight Advisors LLC PA’s holdings, making the stock its 10th biggest position. Insight Advisors LLC PA’s holdings in Invesco QQQ were worth $6,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of QQQ. Carrera Capital Advisors lifted its position in Invesco QQQ by 99.3% in the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after acquiring an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC bought a new position in Invesco QQQ during the 1st quarter worth about $924,000. Hegarty Advisors LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $2,212,000. Sovran Advisors LLC raised its stake in shares of Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the period. Finally, Corepath Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Stock Up 1.9%

QQQ stock opened at $708.97 on Wednesday. The business has a 50-day moving average of $720.10 and a 200-day moving average of $654.57. Invesco QQQ has a fifty-two week low of $551.68 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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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