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Huntleigh Advisors Inc. Sells 7,550 Shares of Invesco QQQ $QQQ

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Key Points

  • Huntleigh Advisors cut its stake in Invesco QQQ by 48.1%, selling 7,550 shares in Q4 and now holds 8,140 shares valued at about $5.0 million, which is 0.8% of its portfolio and its 27th largest holding.
  • Other institutions largely increased exposure—PNC and Envestnet added shares and IMS Investment Management raised its QQQ stake by 712,026 shares (68.6%)—keeping institutional ownership around 44.58%; QQQ trades near its 52‑week high (~$664) and currently yields about 0.4% after the recent quarterly dividend.
  • Five stocks to consider instead of Invesco QQQ.

Huntleigh Advisors Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,140 shares of the exchange traded fund's stock after selling 7,550 shares during the quarter. Invesco QQQ comprises about 0.8% of Huntleigh Advisors Inc.'s portfolio, making the stock its 27th largest holding. Huntleigh Advisors Inc.'s holdings in Invesco QQQ were worth $5,000,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund's stock worth $1,843,749,000 after buying an additional 8,038 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund's stock worth $1,792,901,000 after buying an additional 64,025 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its stake in shares of 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 worth $1,075,091,000 after buying an additional 712,026 shares during the last quarter. US Bancorp DE lifted its stake in shares of Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund's stock worth $827,346,000 after buying an additional 7,378 shares during the last quarter. Finally, Maxi Investments CY Ltd lifted its stake in shares of Invesco QQQ by 8.1% during the 3rd quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund's stock worth $741,457,000 after buying an additional 92,700 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $664.10 on Monday. The firm has a 50-day moving average of $606.10 and a 200-day moving average of $612.41. Invesco QQQ has a 52-week low of $462.43 and a 52-week high of $664.51.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ Company 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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