Invesco QQQ $QQQ Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC cut its position in Invesco QQQ (NASDAQ:QQQFree Report) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,154 shares of the exchange traded fund’s stock after selling 1,223 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Invesco QQQ were worth $2,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its position in Invesco QQQ by 0.4% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 17,211 shares of the exchange traded fund’s stock worth $10,573,000 after purchasing an additional 68 shares during the last quarter. Sheets Smith Wealth Management increased its stake in shares of Invesco QQQ by 13.7% in the fourth quarter. Sheets Smith Wealth Management now owns 27,735 shares of the exchange traded fund’s stock valued at $17,038,000 after purchasing an additional 3,334 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Invesco QQQ by 538.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,044 shares of the exchange traded fund’s stock valued at $1,871,000 after buying an additional 2,567 shares during the last quarter. YANKCOM Partnership boosted its position in shares of Invesco QQQ by 12.3% during the fourth quarter. YANKCOM Partnership now owns 730 shares of the exchange traded fund’s stock worth $448,000 after buying an additional 80 shares during the period. Finally, Analyst IMS Investment Management Services Ltd. boosted its position in shares of Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after buying an additional 712,026 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

Shares of QQQ stock opened at $584.98 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business has a 50 day simple moving average of $602.08 and a 200 day simple moving average of $609.29.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

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.

Further Reading

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

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