Invesco QQQ $QQQ Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQFree Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,966 shares of the exchange traded fund’s stock after selling 1,580 shares during the period. Invesco QQQ comprises about 4.0% of Outlook Wealth Advisors LLC’s portfolio, making the stock its 3rd largest holding. Outlook Wealth Advisors LLC’s holdings in Invesco QQQ were worth $16,190,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QQQ. Fifth Third Securities Inc. lifted its position in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the last quarter. SK Wealth Management LLC acquired a new position in Invesco QQQ during the 3rd quarter worth about $803,000. Great Point Wealth Advisors LLC bought a new position in Invesco QQQ during the third quarter worth $507,000. BCGM Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock worth $14,120,000 after buying an additional 3,066 shares in the last quarter. Finally, Prospect Financial Services LLC increased its stake in Invesco QQQ by 9.1% in the second quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after purchasing an additional 986 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Invesco QQQ News

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

Invesco QQQ Trading Up 1.4%

Shares of QQQ opened at $616.28 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s fifty day moving average is $615.99 and its 200 day moving average is $597.04.

Invesco QQQ Increases Dividend

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

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.

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)

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