Beacon Financial Advisory LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Beacon Financial Advisory LLC reduced its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 2,670 shares of the exchange traded fund’s stock after selling 51 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco QQQ were worth $1,093,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 180 Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares during the last quarter. Bank Hapoalim BM boosted its stake in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after buying an additional 4,549 shares during the last quarter. Goodwin Daniel L grew its holdings in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after buying an additional 2,495 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Finally, VitalStone Financial LLC lifted its holdings in shares of Invesco QQQ by 302.0% during the 3rd 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 during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4 %

NASDAQ:QQQ opened at $439.54 on Wednesday. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The firm’s 50 day moving average is $435.73 and its two-hundred day moving average is $401.79.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, March 18th.

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

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