Invesco QQQ $QQQ Shares Sold by Base Wealth Management LLC

Base Wealth Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,261 shares of the exchange traded fund’s stock after selling 1,643 shares during the period. Invesco QQQ accounts for 5.0% of Base Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Base Wealth Management LLC’s holdings in Invesco QQQ were worth $9,375,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QQQ. HRT Financial LP lifted its stake in shares of Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. SG Americas Securities LLC lifted its stake in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares during the period. Analyst IMS Investment Management Services Ltd. increased its holdings in Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after acquiring an additional 712,026 shares in the last quarter. Japan Science & Technology Agency purchased a new position in Invesco QQQ during the 3rd quarter valued at about $179,311,000. Finally, NorthRock Partners LLC increased its holdings in Invesco QQQ by 1,355.6% during the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock valued at $183,024,000 after acquiring an additional 283,909 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $588.50 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The firm has a 50-day moving average price of $601.34 and a two-hundred day moving average price of $609.38.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

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.