Advisory Services Network LLC Cuts Holdings in Invesco QQQ $QQQ

Advisory Services Network LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,703 shares of the exchange traded fund’s stock after selling 3,350 shares during the quarter. Invesco QQQ comprises approximately 1.4% of Advisory Services Network LLC’s investment portfolio, making the stock its 8th largest holding. Advisory Services Network LLC’s holdings in Invesco QQQ were worth $98,283,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the 3rd quarter valued at about $25,000. Shcp LLC bought a new stake in Invesco QQQ during the 3rd quarter worth approximately $27,000. Navigoe LLC increased its holdings in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Invesco QQQ in the third quarter worth approximately $40,000. Finally, PayPay Securities Corp raised its stake in shares of Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $603.31 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock’s 50 day moving average is $612.50 and its 200-day moving average is $609.33.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Headlines Impacting Invesco QQQ

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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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