Heritage Wealth Partners LLC Has $4.59 Million Position in Invesco QQQ (NASDAQ:QQQ)

Heritage Wealth Partners LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,215 shares of the exchange traded fund’s stock after selling 934 shares during the period. Invesco QQQ accounts for approximately 9.4% of Heritage Wealth Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Heritage Wealth Partners LLC’s holdings in Invesco QQQ were worth $4,593,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its stake in shares of Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after acquiring an additional 381 shares in the last quarter. Axiom Financial Strategies LLC boosted its stake in shares of Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 85 shares in the last quarter. Roundview Capital LLC boosted its stake in shares of Invesco QQQ by 0.9% during the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after acquiring an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after buying an additional 278 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after buying an additional 337 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2 %

Invesco QQQ stock traded down $0.82 during midday trading on Friday, reaching $444.01. The company had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The firm’s fifty day simple moving average is $434.46 and its 200-day simple moving average is $399.97.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.