Mine & Arao Wealth Creation & Management LLC. Trims Stock Holdings in Invesco QQQ $QQQ

Mine & Arao Wealth Creation & Management LLC. cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,150 shares of the exchange traded fund’s stock after selling 845 shares during the quarter. Invesco QQQ accounts for 17.8% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $45,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Sovran Advisors LLC increased its holdings in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Fifth Third Securities Inc. boosted its position in shares of Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC bought a new position in shares of Invesco QQQ during the third quarter worth about $803,000. Corepath Wealth Partners LLC raised its position in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares during the last quarter. Finally, Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at approximately $507,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $648.85 on Monday. The company has a 50 day moving average of $601.69 and a 200-day moving average of $610.79. Invesco QQQ has a twelve month low of $427.93 and a twelve month high of $650.00.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

More Invesco QQQ News

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.

Featured Stories

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.