Invesco QQQ $QQQ Shares Sold by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 84.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,748 shares of the exchange traded fund’s stock after selling 42,433 shares during the quarter. Invesco QQQ accounts for about 0.5% of Iron Gate Global Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Iron Gate Global Advisors LLC’s holdings in Invesco QQQ were worth $4,759,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the 4th quarter valued at $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in 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 valued at $28,000 after acquiring an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $722.51 on Thursday. The company’s fifty day moving average price is $689.67 and its 200 day moving average price is $637.91. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Roundup

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

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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