Invesco QQQ (NASDAQ:QQQ) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,580 shares of the exchange traded fund’s stock after selling 49 shares during the period. Intellectus Partners LLC’s holdings in Invesco QQQ were worth $647,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the period. Comerica Bank purchased a new stake in Invesco QQQ in the third quarter valued at approximately $140,657,000. Granite Bay Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after purchasing an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ by 36.3% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after acquiring an additional 376,661 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after purchasing an additional 367,317 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $431.00 on Monday. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34. The stock’s 50-day moving average is $436.88 and its two-hundred day moving average is $410.68.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 dividend yield of 0.53%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Company Profile

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.