55 North Private Wealth LLC Takes $862,000 Position in Invesco QQQ $QQQ

55 North Private Wealth LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,404 shares of the exchange traded fund’s stock, valued at approximately $862,000.

A number of other large investors also recently bought and sold shares of the business. Sovran Advisors LLC lifted its position 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 valued at $11,212,000 after purchasing an additional 1,340 shares during the last quarter. Fifth Third Securities Inc. increased its holdings in shares of Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the last quarter. SK Wealth Management LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $803,000. Corepath Wealth Partners LLC raised its position in shares of Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares in the last quarter. Finally, Great Point Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $507,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

NASDAQ QQQ opened at $646.79 on Tuesday. Invesco QQQ has a 52-week low of $427.93 and a 52-week high of $650.00. The company has a fifty day moving average of $602.34 and a 200-day moving average of $611.08.

Invesco QQQ Cuts Dividend

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

Key Invesco QQQ News

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

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.

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

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