Levin Capital Strategies L.P. Sells 749 Shares of Invesco QQQ $QQQ

Levin Capital Strategies L.P. reduced its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,725 shares of the exchange traded fund’s stock after selling 749 shares during the period. Levin Capital Strategies L.P.’s holdings in Invesco QQQ were worth $4,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearwater Capital Advisors LLC raised its position in Invesco QQQ by 8.1% in the 1st quarter. Clearwater Capital Advisors LLC now owns 2,204 shares of the exchange traded fund’s stock valued at $1,272,000 after purchasing an additional 166 shares during the last quarter. Signature Equity Partners LLC boosted its stake in Invesco QQQ by 4.5% in the first quarter. Signature Equity Partners LLC now owns 7,891 shares of the exchange traded fund’s stock worth $4,554,000 after purchasing an additional 340 shares in the last quarter. Alpha Financial Partners LLC boosted its stake in Invesco QQQ by 7.1% in the first quarter. Alpha Financial Partners LLC now owns 8,041 shares of the exchange traded fund’s stock worth $4,641,000 after purchasing an additional 531 shares in the last quarter. Alesco Advisors LLC An ESL Co grew its holdings in shares of Invesco QQQ by 11.9% during the first quarter. Alesco Advisors LLC An ESL Co now owns 995 shares of the exchange traded fund’s stock worth $574,000 after purchasing an additional 106 shares during the last quarter. Finally, Cascade Wealth Advisors Inc grew its holdings in shares of Invesco QQQ by 9.8% during the first quarter. Cascade Wealth Advisors Inc now owns 1,843 shares of the exchange traded fund’s stock worth $1,064,000 after purchasing an additional 165 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $705.35 on Thursday. The business has a fifty day moving average of $719.91 and a 200-day moving average of $655.21. Invesco QQQ has a twelve month low of $551.68 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Roundup

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

About Invesco QQQ

(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.

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

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