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Aveo Capital Partners LLC Has $1.65 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Invesco QQQ logo with Finance background

Key Points

  • Aveo Capital Partners LLC reduced its stake in Invesco QQQ by 81.9%, now holding only 3,403 shares worth approximately $1.645 million.
  • Several other institutional investors have recently acquired new stakes in Invesco QQQ, collectively increasing institutional ownership to 44.58%.
  • Invesco QQQ's stock is currently trading at $574.55, up by 0.9%, with a recent annual dividend yield reported at 0.4%.
  • Looking to export and analyze Invesco QQQ data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Aveo Capital Partners LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 81.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,403 shares of the exchange traded fund's stock after selling 15,379 shares during the quarter. Aveo Capital Partners LLC's holdings in Invesco QQQ were worth $1,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $1,018,000. Sentinus LLC raised its stake in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock worth $3,307,000 after purchasing an additional 970 shares in the last quarter. Sendero Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $273,000. Cary Street Partners Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $10,052,000. Finally, Baird Financial Group Inc. raised its stake in shares of Invesco QQQ by 4.0% during the 4th quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund's stock worth $167,394,000 after purchasing an additional 12,627 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ traded down $1.70 during midday trading on Monday, reaching $572.85. 32,997,100 shares of the stock were exchanged, compared to its average volume of 44,561,520. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $576.80. The firm has a 50 day simple moving average of $549.00 and a 200-day simple moving average of $512.09.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.

See Also

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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