Safeguard Financial LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Safeguard Financial LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,229 shares of the exchange traded fund’s stock after selling 184 shares during the period. Invesco QQQ makes up approximately 0.3% of Safeguard Financial LLC’s portfolio, making the stock its 28th largest position. Safeguard Financial LLC’s holdings in Invesco QQQ were worth $913,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. boosted its position in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the period. Russell Investments Group Ltd. purchased a new position in Invesco QQQ in the 2nd quarter valued at approximately $44,000. Finally, Blume Capital Management Inc. boosted its position in 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 buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $0.04 during trading on Tuesday, hitting $431.10. 47,490,572 shares of the stock were exchanged, compared to its average volume of 45,458,633. The firm’s 50-day moving average price is $438.29 and its 200 day moving average price is $406.76. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

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

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.