Insight Advisors LLC PA Sells 1,004 Shares of Invesco QQQ $QQQ

Insight Advisors LLC PA cut its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,509 shares of the exchange traded fund’s stock after selling 1,004 shares during the period. Invesco QQQ comprises approximately 1.3% of Insight Advisors LLC PA’s holdings, making the stock its 10th largest holding. Insight Advisors LLC PA’s holdings in Invesco QQQ were worth $6,642,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Carrera Capital Advisors grew its stake in shares of Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC acquired a new position in Invesco QQQ during the first quarter worth $924,000. Hegarty Advisors LLC bought a new stake in Invesco QQQ during the first quarter worth $2,212,000. Sovran Advisors LLC lifted its stake in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Corepath Wealth Partners LLC lifted its stake in Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after acquiring an additional 1,436 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Price Performance

Shares of QQQ opened at $708.97 on Wednesday. The firm has a 50-day moving average of $720.10 and a 200-day moving average of $654.57. Invesco QQQ has a one year low of $551.68 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%.

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.

Read More

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.