Invesco QQQ $QQQ Shares Sold by 3EDGE Asset Management LP

3EDGE Asset Management LP lessened its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 38.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,810 shares of the exchange traded fund’s stock after selling 5,449 shares during the quarter. 3EDGE Asset Management LP’s holdings in Invesco QQQ were worth $5,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Sovran Advisors LLC grew its stake in shares of Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC raised its stake in shares of Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at about $10,771,000. Cane Capital Partners LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $715,000. Finally, Coyle Financial Counsel LLC lifted its holdings in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6%

Shares of QQQ opened at $701.53 on Wednesday. The firm has a 50-day moving average price of $632.36 and a 200 day moving average price of $621.19. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03.

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 issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Profile

(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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