Continuum Advisory LLC Decreases Position in Invesco QQQ $QQQ

Continuum Advisory LLC lowered its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 2.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,554 shares of the exchange traded fund’s stock after selling 760 shares during the period. Invesco QQQ makes up 1.6% of Continuum Advisory LLC’s investment portfolio, making the stock its 11th largest position. Continuum Advisory LLC’s holdings in Invesco QQQ were worth $15,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Brighton Jones LLC lifted its stake 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 buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Jupiter Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the second quarter worth $290,000. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after buying an additional 18,210 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Invesco QQQ by 1,057.3% during the second 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 period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Invesco QQQ News

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

Invesco QQQ Trading Down 0.5%

NASDAQ:QQQ opened at $740.61 on Friday. Invesco QQQ has a 12 month low of $522.66 and a 12 month high of $748.65. The firm has a fifty day simple moving average of $664.57 and a 200-day simple moving average of $630.59.

Invesco QQQ Cuts Dividend

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

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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