Invesco QQQ (NASDAQ:QQQ) Stake Lowered by Flagship Private Wealth LLC

Flagship Private Wealth LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 10,779 shares of the exchange traded fund’s stock after selling 187 shares during the period. Invesco QQQ accounts for 3.4% of Flagship Private Wealth LLC’s holdings, making the stock its 6th biggest position. Flagship Private Wealth LLC’s holdings in Invesco QQQ were worth $4,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. VisionPoint Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $36,000. Core Wealth Advisors Inc. lifted its stake in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $44,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC lifted its stake in shares of Invesco QQQ by 71.4% in the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 65 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.3 %

QQQ stock opened at $443.32 on Wednesday. Invesco QQQ has a 1 year low of $304.77 and a 1 year high of $449.34. The company has a fifty day simple moving average of $432.41 and a 200 day simple moving average of $398.85.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

About Invesco QQQ

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.