Invesco QQQ $QQQ is Dumont & Blake Investment Advisors LLC’s 2nd Largest Position

Dumont & Blake Investment Advisors LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,466 shares of the exchange traded fund’s stock after selling 865 shares during the quarter. Invesco QQQ accounts for 5.2% of Dumont & Blake Investment Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in Invesco QQQ were worth $21,787,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of QQQ. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth $290,000. Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after buying an additional 18,210 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after buying an additional 30,206 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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

Invesco QQQ Trading Up 0.0%

Shares of QQQ stock opened at $664.10 on Monday. Invesco QQQ has a twelve month low of $462.43 and a twelve month high of $664.51. The stock has a fifty day simple moving average of $606.10 and a two-hundred day simple moving average of $612.41.

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 issued a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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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