Invesco QQQ $QQQ Stake Reduced by CJM Wealth Advisers Ltd.

CJM Wealth Advisers Ltd. lowered its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,109 shares of the exchange traded fund’s stock after selling 1,325 shares during the quarter. Invesco QQQ accounts for 16.0% of CJM Wealth Advisers Ltd.’s holdings, making the stock its 2nd largest holding. CJM Wealth Advisers Ltd.’s holdings in Invesco QQQ were worth $53,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the third quarter valued at $27,000. Navigoe LLC raised its position in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at $40,000. Finally, PayPay Securities Corp raised its position in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $628.38 on Wednesday. Invesco QQQ has a 52 week low of $427.93 and a 52 week high of $637.01. The stock’s fifty day moving average is $599.41 and its two-hundred day moving average is $609.92.

Invesco QQQ Cuts Dividend

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

Key Headlines Impacting Invesco QQQ

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.

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

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