BLB&B Advisors LLC Cuts Stake in Invesco QQQ $QQQ

BLB&B Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,809 shares of the exchange traded fund’s stock after selling 1,032 shares during the quarter. BLB&B Advisors LLC’s holdings in Invesco QQQ were worth $6,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QQQ. Fifth Third Securities Inc. raised its holdings in Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC bought a new position in Invesco QQQ during the third quarter valued at $803,000. Great Point Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ in the third quarter valued at $507,000. BCGM Wealth Management LLC raised its stake in shares of Invesco QQQ by 13.6% in the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after acquiring an additional 3,066 shares during the period. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $2,086,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

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

Invesco QQQ Stock Up 0.3%

QQQ stock opened at $622.72 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company has a 50-day moving average price of $616.52 and a 200 day moving average price of $598.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd.

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.

Read More

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.