Focus Partners Advisor Solutions LLC Has $20.98 Million Holdings in Invesco QQQ $QQQ

Focus Partners Advisor Solutions LLC cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,152 shares of the exchange traded fund’s stock after selling 6,439 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco QQQ were worth $20,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QQQ. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ during the 3rd quarter valued at $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Invesco QQQ during the 3rd quarter valued at $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

More Invesco QQQ News

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Invesco QQQ Stock Up 1.6%

QQQ stock opened at $716.07 on Tuesday. The business has a fifty day moving average price of $669.76 and a 200 day moving average price of $632.15. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65.

Invesco QQQ Cuts Dividend

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

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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