Invesco QQQ $QQQ is Paragon Advisors LLC’s 5th Largest Position

Paragon Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 82.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,583 shares of the exchange traded fund’s stock after selling 103,653 shares during the period. Invesco QQQ makes up about 3.8% of Paragon Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Paragon Advisors LLC’s holdings in Invesco QQQ were worth $13,873,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Fifth Third Securities Inc. lifted its stake in shares of Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares during the last quarter. SK Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $803,000. Great Point Wealth Advisors LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at about $10,771,000. Finally, Coyle Financial Counsel LLC raised its holdings in Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.4%

NASDAQ QQQ opened at $573.79 on Friday. The firm’s 50-day moving average is $607.24 and its two-hundred day moving average is $609.52. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 23rd.

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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.

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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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