Maridea Wealth Management LLC Decreases Stake in Invesco QQQ $QQQ

Maridea Wealth Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 31.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,991 shares of the exchange traded fund’s stock after selling 7,455 shares during the period. Invesco QQQ makes up approximately 1.5% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Maridea Wealth Management LLC’s holdings in Invesco QQQ were worth $9,824,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC purchased a new position in Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at about $27,000. Navigoe LLC grew its stake in Invesco QQQ by 300.0% during the 3rd 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 last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at about $40,000. Finally, PayPay Securities Corp increased its holdings 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 valued at $41,000 after purchasing an additional 30 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

More Invesco QQQ News

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Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $582.06 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a 50-day moving average price of $610.46 and a 200-day moving average price of $609.78.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, March 23rd.

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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