Dynamic Advisor Solutions LLC Reduces Stake in Invesco QQQ $QQQ

Dynamic Advisor Solutions LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,491 shares of the exchange traded fund’s stock after selling 4,952 shares during the quarter. Invesco QQQ accounts for approximately 1.3% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 8th largest holding. Dynamic Advisor Solutions LLC’s holdings in Invesco QQQ were worth $40,846,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Securities Inc. lifted its holdings in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after acquiring an additional 2,822 shares during the period. SK Wealth Management LLC purchased a new position in Invesco QQQ in the third quarter worth $803,000. Great Point Wealth Advisors LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $507,000. Strengthening Families & Communities LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $10,771,000. Finally, Coyle Financial Counsel LLC increased its position in shares of Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.0%

NASDAQ QQQ opened at $588.00 on Tuesday. The business’s fifty day moving average is $609.68 and its 200-day moving average is $609.87. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, March 23rd.

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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.

See Also

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

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