Invesco QQQ $QQQ Shares Sold by TCM Advisors LLC

TCM Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 10.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 56,652 shares of the exchange traded fund’s stock after selling 6,449 shares during the period. Invesco QQQ makes up about 3.6% of TCM Advisors LLC’s holdings, making the stock its 3rd largest holding. TCM Advisors LLC’s holdings in Invesco QQQ were worth $34,012,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC grew its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in 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 purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new position in Invesco QQQ during the 2nd quarter valued at about $290,000. Wealth Group Ltd. boosted its stake in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Nordwand Advisors LLC grew its position in Invesco QQQ by 669.2% in the 2nd quarter. Nordwand Advisors LLC now owns 300 shares of the exchange traded fund’s stock worth $165,000 after purchasing an additional 261 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $594.85 on Thursday. The firm’s 50 day moving average is $611.91 and its two-hundred day moving average is $609.22. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.

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)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.