Level Four Advisory Services LLC Has $72.95 Million Stock Position in Invesco QQQ $QQQ

Level Four Advisory Services LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 121,507 shares of the exchange traded fund’s stock after selling 3,638 shares during the period. Invesco QQQ makes up approximately 2.5% of Level Four Advisory Services LLC’s holdings, making the stock its 4th biggest position. Level Four Advisory Services LLC’s holdings in Invesco QQQ were worth $72,950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fifth Third Securities Inc. raised its holdings in shares of Invesco QQQ by 2.6% in the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at $803,000. Great Point Wealth Advisors LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ in the third quarter worth $10,771,000. Finally, Coyle Financial Counsel LLC lifted its position in shares of Invesco QQQ by 4.9% during the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $608.09 on Tuesday. The company’s 50-day moving average price is $616.04 and its 200-day moving average price is $606.86. 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ News Summary

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

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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