Focus Partners Advisor Solutions LLC Sells 6,439 Shares of Invesco QQQ $QQQ

Focus Partners Advisor Solutions LLC lowered its position in Invesco QQQ (NASDAQ:QQQFree Report) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,152 shares of the exchange traded fund’s stock after selling 6,439 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Invesco QQQ were worth $20,980,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $716.07 on Tuesday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The stock has a 50 day simple moving average of $669.76 and a 200-day simple moving average of $632.15.

Invesco QQQ Cuts Dividend

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

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ 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.

Featured Stories

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.