Strategies Wealth Advisors LLC Sells 3,262 Shares of Invesco QQQ $QQQ

Strategies Wealth Advisors LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 46.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,704 shares of the exchange traded fund’s stock after selling 3,262 shares during the quarter. Strategies Wealth Advisors LLC’s holdings in Invesco QQQ were worth $2,224,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Navigoe LLC lifted 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 in the last quarter. PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Invesco QQQ in the 3rd quarter worth approximately $42,000. Canoe Financial LP purchased a new stake in Invesco QQQ in the 3rd quarter worth approximately $64,000. Finally, Gleason Group Inc. boosted its holdings in Invesco QQQ by 61.1% in the 3rd quarter. Gleason Group Inc. now owns 116 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $607.29 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company has a fifty day moving average price of $616.27 and a 200-day moving average price of $606.48.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

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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.

See Also

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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