Invesco QQQ $QQQ Stock Sold by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,266 shares of the exchange traded fund’s stock after selling 5,384 shares during the quarter. Invesco QQQ makes up about 7.2% of Pilgrim Partners Asia Pte Ltd’s holdings, making the stock its 3rd biggest position. Pilgrim Partners Asia Pte Ltd’s holdings in Invesco QQQ were worth $36,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of QQQ. Aviance Capital Partners LLC boosted its holdings in shares of Invesco QQQ by 4.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 6,578 shares of the exchange traded fund’s stock valued at $4,867,000 after buying an additional 275 shares in the last quarter. Stevens Capital Partners grew its position in shares of Invesco QQQ by 120.4% in the 3rd quarter. Stevens Capital Partners now owns 2,506 shares of the exchange traded fund’s stock valued at $1,854,000 after buying an additional 1,369 shares during the last quarter. Royal Harbor Partners LLC grew its position in shares of Invesco QQQ by 4.6% in the 3rd quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock valued at $235,000 after buying an additional 14 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at $41,870,000. Finally, Investment Partners LTD. raised its stake in Invesco QQQ by 99.3% during the 3rd quarter. Investment Partners LTD. now owns 6,818 shares of the exchange traded fund’s stock worth $5,044,000 after acquiring an additional 3,397 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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Invesco QQQ Trading Down 3.5%

Shares of NASDAQ:QQQ opened at $690.49 on Friday. The company’s fifty day moving average price is $725.00 and its 200 day moving average price is $679.01. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a $0.7514 dividend. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st.

Invesco QQQ 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.

Further Reading

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

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