Invesco QQQ $QQQ Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,921 shares of the exchange traded fund’s stock after selling 4,031 shares during the quarter. Invesco QQQ makes up approximately 1.2% of Private Wealth Partners LLC’s holdings, making the stock its 24th biggest holding. Private Wealth Partners LLC’s holdings in Invesco QQQ were worth $16,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Integral Investment Advisors Inc. raised its holdings in shares of Invesco QQQ by 3.7% during the first quarter. Integral Investment Advisors Inc. now owns 26,149 shares of the exchange traded fund’s stock worth $15,093,000 after purchasing an additional 931 shares during the period. Koshinski Asset Management Inc. lifted its stake in Invesco QQQ by 0.8% in the first quarter. Koshinski Asset Management Inc. now owns 31,498 shares of the exchange traded fund’s stock valued at $18,180,000 after buying an additional 246 shares during the last quarter. Tanglewood Legacy Advisors LLC boosted its holdings in shares of Invesco QQQ by 3.9% during the first quarter. Tanglewood Legacy Advisors LLC now owns 5,955 shares of the exchange traded fund’s stock valued at $3,437,000 after acquiring an additional 224 shares during the period. Evolution Wealth Management Inc. boosted its holdings in shares of Invesco QQQ by 4.1% during the first quarter. Evolution Wealth Management Inc. now owns 1,883 shares of the exchange traded fund’s stock valued at $1,087,000 after acquiring an additional 75 shares during the period. Finally, Vivid Wealth Management LLC grew its position in shares of Invesco QQQ by 0.7% during the first quarter. Vivid Wealth Management LLC now owns 29,667 shares of the exchange traded fund’s stock worth $17,123,000 after acquiring an additional 216 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $713.61 on Friday. Invesco QQQ has a one year low of $549.58 and a one year high of $748.65. The company has a 50-day simple moving average of $712.54 and a 200-day simple moving average of $646.26.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ 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.