Invesco QQQ $QQQ Shares Sold by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. cut its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 91.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225 shares of the exchange traded fund’s stock after selling 2,340 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in Invesco QQQ were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Orange Investment Advisors Inc. grew its position in shares of Invesco QQQ by 4.6% during the fourth quarter. Orange Investment Advisors Inc. now owns 2,867 shares of the exchange traded fund’s stock worth $1,761,000 after buying an additional 127 shares in the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $3,847,000. Ignite Planners LLC grew its position in shares of Invesco QQQ by 1.7% during the fourth quarter. Ignite Planners LLC now owns 8,342 shares of the exchange traded fund’s stock worth $5,188,000 after buying an additional 140 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Invesco QQQ by 1,216.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock worth $345,070,000 after buying an additional 519,051 shares in the last quarter. Finally, Northwest Wealth Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $977,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $717.54 on Friday. Invesco QQQ has a one year low of $505.58 and a one year high of $722.12. The business has a 50-day simple moving average of $638.80 and a 200-day simple moving average of $623.07.

Invesco QQQ Cuts Dividend

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

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.

Recommended 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.