Invesco QQQ $QQQ Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.4% during the fourth quarter, HoldingsChannel reports. The firm owned 70,440 shares of the exchange traded fund’s stock after selling 6,424 shares during the period. Invesco QQQ accounts for 0.9% of TD Private Client Wealth LLC’s portfolio, making the stock its 24th largest position. TD Private Client Wealth LLC’s holdings in Invesco QQQ were worth $43,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CMG Global Holdings LLC lifted its stake in shares of Invesco QQQ by 3.1% during the fourth quarter. CMG Global Holdings LLC now owns 17,137 shares of the exchange traded fund’s stock worth $10,381,000 after purchasing an additional 508 shares in the last quarter. Tucker Asset Management LLC lifted its stake in shares of Invesco QQQ by 3.7% during the fourth quarter. Tucker Asset Management LLC now owns 67,249 shares of the exchange traded fund’s stock worth $41,312,000 after purchasing an additional 2,421 shares in the last quarter. Requisite Capital Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $6,595,000. RiverFront Investment Group LLC lifted its stake in shares of Invesco QQQ by 4.2% during the fourth quarter. RiverFront Investment Group LLC now owns 207,243 shares of the exchange traded fund’s stock worth $127,312,000 after purchasing an additional 8,408 shares in the last quarter. Finally, Sapient Capital LLC grew its position in Invesco QQQ by 10.3% in the fourth quarter. Sapient Capital LLC now owns 11,783 shares of the exchange traded fund’s stock valued at $7,299,000 after acquiring an additional 1,099 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $708.93 on Monday. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03. The company has a 50 day moving average of $628.38 and a two-hundred day moving average of $620.21.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

Invesco QQQ News Summary

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

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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