Invesco QQQ $QQQ Shares Sold by SouthState Bank Corp

SouthState Bank Corp lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 44.6% during the third quarter, Holdings Channel reports. The institutional investor owned 7,786 shares of the exchange traded fund’s stock after selling 6,263 shares during the period. SouthState Bank Corp’s holdings in Invesco QQQ were worth $4,674,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at $30,000. Navigoe LLC boosted its position 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 buying an additional 45 shares in the last quarter. PayPay Securities Corp grew its stake 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 acquiring an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $42,000. Finally, Moser Wealth Advisors LLC raised its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.7%

Shares of NASDAQ QQQ opened at $605.75 on Thursday. The firm’s 50-day moving average is $620.23 and its two-hundred day moving average is $601.72. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

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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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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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