Invesco QQQ $QQQ Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 32.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,876 shares of the exchange traded fund’s stock after selling 910 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Invesco QQQ were worth $1,152,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QQQ. Fifth Third Securities Inc. increased its position in shares of Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after acquiring an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $803,000. Great Point Wealth Advisors LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at about $10,771,000. Finally, Coyle Financial Counsel LLC grew its stake in Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $562.58 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock’s 50-day simple moving average is $606.07 and its 200-day simple moving average is $609.81.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

Key Invesco QQQ News

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

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.

See Also

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

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