Invesco QQQ $QQQ Shares Sold by New Perspectives Inc

New Perspectives Inc lessened its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,106 shares of the exchange traded fund’s stock after selling 1,046 shares during the quarter. Invesco QQQ comprises 9.6% of New Perspectives Inc’s investment portfolio, making the stock its 4th biggest position. New Perspectives Inc’s holdings in Invesco QQQ were worth $27,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goodman Advisory Group LLC acquired a new position in Invesco QQQ in the third quarter valued at about $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ in the third quarter valued at about $40,000. PayPay Securities Corp raised its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Invesco QQQ in the third quarter valued at about $42,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $651.42 on Friday. Invesco QQQ has a one year low of $455.83 and a one year high of $656.92. The firm has a 50 day simple moving average of $604.85 and a two-hundred day simple moving average of $611.96.

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 dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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Invesco QQQ Company Profile

(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.

Further Reading

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

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