Invesco QQQ $QQQ Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 37.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,763 shares of the exchange traded fund’s stock after selling 1,035 shares during the quarter. Faithward Advisors LLC’s holdings in Invesco QQQ were worth $1,059,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the third quarter worth about $27,000. Navigoe LLC increased its holdings in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter worth about $40,000. Finally, PayPay Securities Corp lifted its position in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Trading Up 0.5%

Shares of NASDAQ:QQQ opened at $603.31 on Wednesday. The company’s 50-day moving average price is $612.50 and its 200 day moving average price is $609.33. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

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

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.

See Also

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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