Invesco QQQ $QQQ Stock Holdings Lessened by Red Wave Investments LLC

Red Wave Investments LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 33,430 shares of the exchange traded fund’s stock after selling 991 shares during the period. Invesco QQQ comprises 6.2% of Red Wave Investments LLC’s investment portfolio, making the stock its 3rd largest position. Red Wave Investments LLC’s holdings in Invesco QQQ were worth $20,070,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fifth Third Securities Inc. increased its position in Invesco QQQ by 2.6% during 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 buying an additional 2,822 shares in the last quarter. SK Wealth Management LLC bought a new stake in Invesco QQQ in the third quarter worth $803,000. BCGM Wealth Management LLC grew its stake in shares of Invesco QQQ by 13.6% in the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock worth $14,120,000 after acquiring an additional 3,066 shares during the last quarter. Wisconsin Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 21.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock valued at $3,722,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Prospect Financial Services LLC increased its holdings in shares of Invesco QQQ by 9.1% during the second quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after acquiring an additional 986 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Trending Headlines about Invesco QQQ

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Invesco QQQ Trading Down 0.1%

Shares of Invesco QQQ stock opened at $621.26 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm’s 50-day moving average is $616.40 and its 200 day moving average is $595.42.

Invesco QQQ Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco QQQ

(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

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)

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