Invesco QQQ $QQQ Shares Sold by Maripau Wealth Management LLC

Maripau Wealth Management LLC cut its position in Invesco QQQ (NASDAQ:QQQFree Report) by 59.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 799 shares of the exchange traded fund’s stock after selling 1,183 shares during the period. Maripau Wealth Management LLC’s holdings in Invesco QQQ were worth $480,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at approximately $25,000. Navigoe LLC raised its position in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the last quarter. PayPay Securities Corp lifted its stake in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at $42,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Invesco QQQ by 45.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $600.38 on Tuesday. The firm has a fifty day moving average price of $612.91 and a 200 day moving average price of $609.09. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

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 represents a $3.18 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

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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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