Invesco QQQ $QQQ Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 83.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,966 shares of the exchange traded fund’s stock after selling 65,019 shares during the quarter. Edgestream Partners L.P.’s holdings in Invesco QQQ were worth $7,484,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted 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 purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ during the second quarter valued at approximately $290,000. Wealth Group Ltd. raised its stake in Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after buying an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

More Invesco QQQ News

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

Invesco QQQ Stock Down 2.0%

NASDAQ:QQQ opened at $661.73 on Thursday. The business’s 50 day moving average is $716.84 and its two-hundred day moving average is $657.29. Invesco QQQ has a 52 week low of $551.68 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a dividend of $0.8135 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.