Valence8 US LP Has $27.29 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Valence8 US LP cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 66,640 shares of the exchange traded fund’s stock after selling 7,440 shares during the quarter. Invesco QQQ comprises 15.9% of Valence8 US LP’s holdings, making the stock its 2nd biggest position. Valence8 US LP’s holdings in Invesco QQQ were worth $27,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of QQQ. 180 Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares during the period. Bank Hapoalim BM raised its holdings in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Goodwin Daniel L raised its holdings in shares of Invesco QQQ by 76.1% during the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its holdings in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after acquiring an additional 16,079 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $6.25 during midday trading on Tuesday, hitting $425.07. 44,085,762 shares of the stock were exchanged, compared to its average volume of 46,010,473. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The business’s fifty day simple moving average is $437.20 and its two-hundred day simple moving average is $409.44.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

Invesco QQQ Profile

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.