Invesco QQQ $QQQ Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its holdings in Invesco QQQ by 30.9% in Q1, selling 10,670 shares and holding 23,840 shares worth approximately $11.18 million.
• Other institutional investors, including Eagle Capital Management and Guggenheim Capital LLC, increased their positions in Invesco QQQ, reflecting varied investor sentiment.
• The stock opened at $577.34, with a one-year range of $402.39 to $583.32, alongside a recent quarterly dividend of $0.5911.

RWA Wealth Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,840 shares of the exchange traded fund's stock after selling 10,670 shares during the period. RWA Wealth Partners LLC's holdings in Invesco QQQ were worth $11,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in QQQ. Eagle Capital Management LLC grew its position in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Russell Investments Group Ltd. grew its position in Invesco QQQ by 25.0% in the fourth quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund's stock worth $1,467,000 after acquiring an additional 573 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Invesco QQQ by 119.8% in the fourth quarter. Guggenheim Capital LLC now owns 5,778 shares of the exchange traded fund's stock worth $2,954,000 after acquiring an additional 3,149 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $577.34 on Monday. The firm has a fifty day simple moving average of $554.13 and a 200-day simple moving average of $514.06. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently declared 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%.

About Invesco QQQ

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.