Eclectic Associates Inc. ADV Sells 1,471 Shares of Invesco QQQ $QQQ

Eclectic Associates Inc. ADV lowered its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 24.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,461 shares of the exchange traded fund’s stock after selling 1,471 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $2,741,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter worth $25,000. Shcp LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at $27,000. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ during the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new position in Invesco QQQ in the 3rd quarter worth $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth about $42,000. 44.58% of the stock is currently owned by institutional investors.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Stock Up 2.1%

Shares of QQQ opened at $695.71 on Thursday. The firm’s 50-day moving average price is $614.21 and its 200-day moving average price is $615.41. Invesco QQQ has a 1-year low of $476.78 and a 1-year high of $695.93.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

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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