Highline Wealth Partners LLC Sells 1,601 Shares of Invesco QQQ $QQQ

Highline Wealth Partners LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 21.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,955 shares of the exchange traded fund’s stock after selling 1,601 shares during the period. Invesco QQQ makes up approximately 1.0% of Highline Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest position. Highline Wealth Partners LLC’s holdings in Invesco QQQ were worth $3,658,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in Invesco QQQ in the third quarter worth $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the third quarter valued at about $27,000. Navigoe LLC increased its holdings in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the third quarter worth about $40,000. Finally, PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $584.31 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The business has a 50-day moving average of $603.55 and a 200 day moving average of $609.38.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders 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 annualized dividend and a yield of 0.5%.

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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.

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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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