Sagespring Wealth Partners LLC Lowers Position in Invesco QQQ $QQQ

Sagespring Wealth Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 104,026 shares of the exchange traded fund’s stock after selling 1,214 shares during the period. Invesco QQQ comprises about 0.5% of Sagespring Wealth Partners LLC’s holdings, making the stock its 26th largest holding. Sagespring Wealth Partners LLC’s holdings in Invesco QQQ were worth $62,454,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ during the second quarter worth about $290,000. Pasadena Private Wealth LLC grew its holdings in Invesco QQQ by 90.6% in the second quarter. Pasadena Private Wealth LLC now owns 13,507 shares of the exchange traded fund’s stock worth $7,451,000 after purchasing an additional 6,420 shares during the period. Finally, Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Trading Up 0.3%

QQQ stock opened at $622.72 on Friday. The firm has a 50 day moving average price of $616.52 and a 200-day moving average price of $598.01. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date was Monday, December 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend 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.

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

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