Maridea Wealth Management LLC Has $14.34 Million Stock Position in Invesco QQQ $QQQ

Maridea Wealth Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 24.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,446 shares of the exchange traded fund’s stock after selling 7,389 shares during the period. Invesco QQQ makes up approximately 2.3% of Maridea Wealth Management LLC’s holdings, making the stock its 6th biggest position. Maridea Wealth Management LLC’s holdings in Invesco QQQ were worth $14,338,000 at the end of the most recent reporting period.

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

More Invesco QQQ News

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Invesco QQQ Trading Down 0.1%

Shares of NASDAQ QQQ opened at $601.30 on Wednesday. The firm’s 50-day moving average price is $617.38 and its 200-day moving average price is $604.61. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

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

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.

Further Reading

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

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