Invesco QQQ $QQQ Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,778 shares of the exchange traded fund’s stock after selling 16,367 shares during the period. Invesco QQQ makes up approximately 1.0% of Integrated Wealth Concepts LLC’s investment portfolio, making the stock its 13th biggest position. Integrated Wealth Concepts LLC’s holdings in Invesco QQQ were worth $112,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Fifth Third Securities Inc. lifted its stake in Invesco QQQ by 2.6% during the third 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 bought a new stake in shares of Invesco QQQ during the 3rd quarter worth $803,000. Great Point Wealth Advisors LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth $507,000. Strengthening Families & Communities LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $10,771,000. Finally, Coyle Financial Counsel LLC lifted its holdings in shares of Invesco QQQ by 4.9% during the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6%

NASDAQ:QQQ opened at $593.72 on Monday. The stock has a fifty day simple moving average of $613.26 and a 200 day simple moving average of $608.93. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%.

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

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