Freestone Capital Holdings LLC Raises Stock Position in Invesco QQQ $QQQ

Freestone Capital Holdings LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,673 shares of the exchange traded fund’s stock after buying an additional 1,550 shares during the period. Invesco QQQ accounts for approximately 0.7% of Freestone Capital Holdings LLC’s holdings, making the stock its 25th biggest position. Freestone Capital Holdings LLC’s holdings in Invesco QQQ were worth $23,757,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of QQQ. Sovran Advisors LLC grew its position in shares of Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Fifth Third Securities Inc. grew its position in shares of 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 valued at $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at about $803,000. Corepath Wealth Partners LLC grew its position in shares of 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 valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Great Point Wealth Advisors LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at about $507,000. 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 Stock Performance

Shares of Invesco QQQ stock opened at $628.38 on Wednesday. The business has a 50-day moving average price of $599.41 and a 200-day moving average price of $609.92. Invesco QQQ has a twelve month low of $427.93 and a twelve month high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis 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.

Further Reading

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

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