Invesco QQQ $QQQ Holdings Reduced by Flagstar Advisors Inc.

Flagstar Advisors Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,379 shares of the exchange traded fund’s stock after selling 1,703 shares during the quarter. Invesco QQQ comprises approximately 4.6% of Flagstar Advisors Inc.’s holdings, making the stock its 2nd largest position. Flagstar Advisors Inc.’s holdings in Invesco QQQ were worth $13,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. 1832 Asset Management L.P. boosted its position in shares of Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after acquiring an additional 40,999,982 shares during the last quarter. HRT Financial LP increased its holdings in Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the last quarter. SG Americas Securities LLC increased its holdings in Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after acquiring an additional 1,270,102 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in Invesco QQQ in the 2nd quarter worth $165,492,000. Finally, Japan Science & Technology Agency bought a new position in shares of Invesco QQQ during the 3rd quarter valued at about $179,311,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $573.79 on Friday. The firm has a 50-day simple moving average of $607.24 and a two-hundred day simple moving average of $609.52. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Cuts Dividend

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

Key Invesco QQQ News

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

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.

Further Reading

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

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