Mine & Arao Wealth Creation & Management LLC. Has $45.55 Million Stock Position in Invesco QQQ $QQQ

Mine & Arao Wealth Creation & Management LLC. reduced its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 74,150 shares of the exchange traded fund’s stock after selling 845 shares during the quarter. Invesco QQQ accounts for 17.8% of Mine & Arao Wealth Creation & Management LLC.’s investment portfolio, making the stock its biggest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $45,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after purchasing an additional 8,038 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after buying an additional 64,025 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its stake in shares of Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after acquiring an additional 712,026 shares during the period. US Bancorp DE increased its holdings in shares of Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after acquiring an additional 7,378 shares during the last quarter. Finally, Maxi Investments CY Ltd raised its stake in Invesco QQQ by 8.1% in the 3rd quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund’s stock valued at $741,457,000 after acquiring an additional 92,700 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

QQQ stock opened at $648.85 on Monday. Invesco QQQ has a one year low of $427.93 and a one year high of $650.00. The company has a fifty day moving average price of $601.69 and a two-hundred day moving average price of $610.79.

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 paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

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.

Featured Stories

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

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