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Invesco QQQ $QQQ Shares Sold by Founders Financial Securities LLC

Invesco QQQ logo with background
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Key Points

  • Founders Financial Securities LLC reduced its Invesco QQQ stake by 12.1% in the third quarter, selling 4,251 shares and retaining 31,027 shares worth approximately $22.95 million.
  • QQQ opened at $690.49, with a 52-week range of $555.60 to $762.86; institutional investors and hedge funds collectively own 44.58% of the ETF.
  • Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, representing an annualized payout of $3.01 and a 0.4% yield.
  • MarketBeat previews top five stocks to own in November.

Founders Financial Securities LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,027 shares of the exchange traded fund's stock after selling 4,251 shares during the quarter. Invesco QQQ makes up 1.1% of Founders Financial Securities LLC's portfolio, making the stock its 15th largest holding. Founders Financial Securities LLC's holdings in Invesco QQQ were worth $22,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. High Point Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after acquiring an additional 17 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $28,000. Financial Management Professionals Inc. lifted its position in Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at about $44,000. Finally, DecisionPoint Financial LLC boosted its stake in Invesco QQQ by 65.0% during the 3rd quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund's stock valued at $49,000 after purchasing an additional 26 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $690.49 on Friday. The firm has a 50-day moving average price of $725.00 and a two-hundred day moving average price of $679.01. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, September 21st.

Trending Headlines about Invesco QQQ

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

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.

Read More

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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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