Cercano Management LLC Sells 8,212 Shares of Invesco QQQ $QQQ

Cercano Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,739 shares of the exchange traded fund’s stock after selling 8,212 shares during the period. Invesco QQQ makes up approximately 1.1% of Cercano Management LLC’s portfolio, making the stock its 18th biggest position. Cercano Management LLC’s holdings in Invesco QQQ were worth $29,941,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QQQ. Three Bridge Wealth Advisors LLC boosted its stake in Invesco QQQ by 3.0% during the 4th quarter. Three Bridge Wealth Advisors LLC now owns 34,780 shares of the exchange traded fund’s stock valued at $21,366,000 after purchasing an additional 1,029 shares during the last quarter. COFG Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $2,202,000. Sage Investment Advisers LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $3,384,000. Gill Capital Partners LLC boosted its stake in Invesco QQQ by 5.7% during the 4th quarter. Gill Capital Partners LLC now owns 24,507 shares of the exchange traded fund’s stock valued at $15,055,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Opulen Financial Group LLC boosted its stake in Invesco QQQ by 1.1% during the 4th quarter. Opulen Financial Group LLC now owns 4,475 shares of the exchange traded fund’s stock valued at $2,749,000 after purchasing an additional 50 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $742.74 on Tuesday. Invesco QQQ has a 52 week low of $515.97 and a 52 week high of $745.65. The company’s 50 day moving average price is $655.03 and its two-hundred day moving average price is $627.83.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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Invesco QQQ 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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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