Sigma Planning Corp Sells 16,671 Shares of Invesco QQQ $QQQ

Sigma Planning Corp trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,629 shares of the exchange traded fund’s stock after selling 16,671 shares during the quarter. Invesco QQQ accounts for about 1.7% of Sigma Planning Corp’s portfolio, making the stock its 5th largest position. Sigma Planning Corp’s holdings in Invesco QQQ were worth $60,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Invesco QQQ by 381.0% in the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Delta Global Management LP bought a new position in Invesco QQQ during the 4th quarter worth $821,084,000. Align Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth $78,118,000. Finally, SG Americas Securities LLC lifted its holdings in Invesco QQQ by 120.2% during the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after buying an additional 1,270,102 shares during the period. 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 Trading Up 1.1%

NASDAQ QQQ opened at $719.71 on Wednesday. The business’s 50-day moving average price is $720.06 and its two-hundred day moving average price is $651.59. Invesco QQQ has a 12 month low of $551.56 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 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.

Further Reading

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.