Invesco QQQ $QQQ Stock Holdings Trimmed by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC trimmed its position in Invesco QQQ (NASDAQ:QQQFree Report) by 35.9% in the third quarter, Holdings Channel.com reports. The fund owned 8,040 shares of the exchange traded fund’s stock after selling 4,505 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Invesco QQQ were worth $4,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $25,000. Navigoe LLC boosted its stake in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the period. PayPay Securities Corp boosted its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $42,000. Finally, Accent Capital Management LLC raised its position in shares of Invesco QQQ by 43.1% during the 3rd quarter. Accent Capital Management LLC now owns 83 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Stock Performance

Invesco QQQ stock opened at $593.72 on Friday. The company has a 50-day simple moving average of $613.26 and a 200-day simple moving average of $608.68. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

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.

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

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