Clearwater Capital Advisors LLC Reduces Stake in Invesco QQQ Trust (QQQ)

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Clearwater Capital Advisors LLC decreased its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,280 shares of the exchange traded fund’s stock after selling 221 shares during the period. Clearwater Capital Advisors LLC’s holdings in Invesco QQQ Trust were worth $1,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Miracle Mile Advisors LLC grew its stake in shares of Invesco QQQ Trust by 1.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 231,594 shares of the exchange traded fund’s stock valued at $35,726,000 after buying an additional 3,220 shares in the last quarter. Dfpg Investments Inc. bought a new stake in shares of Invesco QQQ Trust in the 4th quarter valued at approximately $2,399,000. BB&T Corp grew its stake in shares of Invesco QQQ Trust by 20.2% in the 4th quarter. BB&T Corp now owns 7,273 shares of the exchange traded fund’s stock valued at $1,122,000 after buying an additional 1,222 shares in the last quarter. Mycio Wealth Partners LLC grew its stake in shares of Invesco QQQ Trust by 21.0% in the 4th quarter. Mycio Wealth Partners LLC now owns 22,525 shares of the exchange traded fund’s stock valued at $3,475,000 after buying an additional 3,902 shares in the last quarter. Finally, NuWave Investment Management LLC grew its stake in shares of Invesco QQQ Trust by 21.3% in the 4th quarter. NuWave Investment Management LLC now owns 644 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 113 shares in the last quarter. Institutional investors own 41.94% of the company’s stock.

Separately, Bank of America cut Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.

Shares of NASDAQ QQQ opened at $161.94 on Wednesday. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $187.53.

The company also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Wednesday, December 26th were paid a $0.4206 dividend. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, December 24th. This represents a $1.68 annualized dividend and a dividend yield of 1.04%.

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About Invesco QQQ Trust

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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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 Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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