Avior Wealth Management LLC Has $6.67 Million Position in Invesco QQQ (NASDAQ:QQQ)

Avior Wealth Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,289 shares of the exchange traded fund’s stock after selling 1,750 shares during the quarter. Avior Wealth Management LLC’s holdings in Invesco QQQ were worth $6,671,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Friedenthal Financial bought a new stake in Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. lifted its stake in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Invesco QQQ in the 2nd quarter valued at $44,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.0 %

Shares of QQQ traded up $0.04 during trading hours on Tuesday, reaching $431.10. The stock had a trading volume of 47,490,572 shares, compared to its average volume of 45,458,633. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34. The company’s 50-day moving average is $438.29 and its two-hundred day moving average is $406.76.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Company 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.