Fluent Financial LLC Trims Holdings in Invesco QQQ $QQQ

Fluent Financial LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,921 shares of the exchange traded fund’s stock after selling 2,813 shares during the quarter. Invesco QQQ accounts for about 1.6% of Fluent Financial LLC’s holdings, making the stock its 18th largest position. Fluent Financial LLC’s holdings in Invesco QQQ were worth $4,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Brighton Jones LLC increased its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Jupiter Wealth Management LLC bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Invesco QQQ by 37.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,644 shares of the exchange traded fund’s stock worth $3,113,000 after acquiring an additional 1,551 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Price Performance

Invesco QQQ stock opened at $562.58 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm’s 50 day simple moving average is $606.07 and its 200 day simple moving average is $609.81.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

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

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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