Invesco QQQ $QQQ Shares Sold by Valence8 US LP

Valence8 US LP reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,234 shares of the exchange traded fund’s stock after selling 1,666 shares during the quarter. Invesco QQQ comprises approximately 19.1% of Valence8 US LP’s portfolio, making the stock its 2nd largest holding. Valence8 US LP’s holdings in Invesco QQQ were worth $45,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of QQQ. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Wealth Group Ltd. raised its holdings in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Invesco QQQ by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock worth $46,848,000 after buying an additional 7,147 shares during the period. Finally, 3EDGE Asset Management LP grew its holdings in shares of Invesco QQQ by 29.7% during the first quarter. 3EDGE Asset Management LP now owns 2,386 shares of the exchange traded fund’s stock worth $1,119,000 after buying an additional 547 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

QQQ opened at $609.74 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The business has a 50 day moving average price of $601.34 and a two-hundred day moving average price of $560.76.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.