Invesco QQQ $QQQ is Heritage Wealth Partners LLC’s 4th Largest Position

Heritage Wealth Partners LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,344 shares of the exchange traded fund’s stock after selling 1,760 shares during the quarter. Invesco QQQ comprises about 6.0% of Heritage Wealth Partners LLC’s holdings, making the stock its 4th biggest holding. Heritage Wealth Partners LLC’s holdings in Invesco QQQ were worth $3,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of QQQ. Eagle Capital Management LLC increased its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. First Trust Advisors LP acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $610,000. Finally, Burling Wealth Partners LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $258,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5%

Shares of Invesco QQQ stock opened at $571.97 on Friday. The firm’s fifty day simple moving average is $557.92 and its 200-day simple moving average is $515.81. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

About Invesco QQQ

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.