Foundations Investment Advisors LLC Has $70.36 Million Stock Position in Invesco QQQ $QQQ

Foundations Investment Advisors LLC cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 27.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,192 shares of the exchange traded fund’s stock after selling 44,449 shares during the period. Invesco QQQ comprises approximately 1.0% of Foundations Investment Advisors LLC’s holdings, making the stock its 20th largest holding. Foundations Investment Advisors LLC’s holdings in Invesco QQQ were worth $70,359,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Cloud Capital Management LLC raised its stake in Invesco QQQ by 5.0% during the third quarter. Cloud Capital Management LLC now owns 4,543 shares of the exchange traded fund’s stock worth $2,727,000 after acquiring an additional 218 shares in the last quarter. Strategic Advisors LLC increased its position in shares of Invesco QQQ by 0.7% during the 3rd quarter. Strategic Advisors LLC now owns 12,831 shares of the exchange traded fund’s stock worth $7,703,000 after purchasing an additional 84 shares in the last quarter. Paragon Advisors LLC lifted its holdings in Invesco QQQ by 33,743.4% during the 3rd quarter. Paragon Advisors LLC now owns 126,236 shares of the exchange traded fund’s stock valued at $75,789,000 after purchasing an additional 125,863 shares during the last quarter. AE Wealth Management LLC boosted its position in Invesco QQQ by 7.8% in the third quarter. AE Wealth Management LLC now owns 76,271 shares of the exchange traded fund’s stock valued at $45,791,000 after buying an additional 5,505 shares in the last quarter. Finally, ArborFi Advisors LLC boosted its position in Invesco QQQ by 13.1% in the third quarter. ArborFi Advisors LLC now owns 570 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.3%

NASDAQ QQQ opened at $633.22 on Thursday. The company has a 50 day moving average of $618.32 and a 200-day moving average of $599.58. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

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

Key Invesco QQQ News

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

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.

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

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