Sound Income Strategies LLC Acquires 4,049 Shares of Invesco QQQ $QQQ

Sound Income Strategies LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 38.6% in the fourth quarter, HoldingsChannel reports. The fund owned 14,533 shares of the exchange traded fund’s stock after purchasing an additional 4,049 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco QQQ were worth $9,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. HRT Financial LP grew its position in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after acquiring an additional 8,038 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco QQQ by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after acquiring an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after acquiring an additional 712,026 shares during the period. Finally, US Bancorp DE grew its stake in shares of Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock valued at $827,346,000 after acquiring an additional 7,378 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6%

Shares of NASDAQ:QQQ opened at $588.50 on Tuesday. The stock has a 50 day moving average of $601.34 and a 200 day moving average of $609.38. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.