Darwin Wealth Management LLC Reduces Holdings in Invesco QQQ $QQQ

Darwin Wealth Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,243 shares of the exchange traded fund’s stock after selling 833 shares during the quarter. Invesco QQQ makes up about 2.7% of Darwin Wealth Management LLC’s holdings, making the stock its 8th largest position. Darwin Wealth Management LLC’s holdings in Invesco QQQ were worth $8,750,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sovran Advisors LLC lifted its holdings in Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after acquiring an additional 1,340 shares during the period. 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 bought a new stake in Invesco QQQ during the third quarter worth $803,000. Corepath Wealth Partners LLC lifted its holdings in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after acquiring an additional 1,436 shares during the period. Finally, Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ during the third quarter worth $507,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $610.19 on Friday. The business has a fifty day simple moving average of $599.56 and a two-hundred day simple moving average of $609.29. Invesco QQQ has a 1 year low of $427.93 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

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

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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.

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

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