Invesco QQQ $QQQ Stake Cut by Clare Market Investments LLC

Key Points

• Clare Market Investments LLC reduced its stake in Invesco QQQ by 8.7%, owning 16,228 shares valued at approximately $8.95 million, making it the 12th largest holding in their portfolio.
• Other investors have increased their positions in Invesco QQQ, with Brighton Jones LLC growing its stake by 15.0% to 38,348 shares, reflecting a trend of institutional investment in the ETF.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, representing an annual yield of 0.4%, showing a commitment to returning value to shareholders.

Clare Market Investments LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,228 shares of the exchange traded fund's stock after selling 1,539 shares during the quarter. Invesco QQQ accounts for about 2.0% of Clare Market Investments LLC's investment portfolio, making the stock its 12th largest holding. Clare Market Investments LLC's holdings in Invesco QQQ were worth $8,952,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in QQQ. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $11,247,000. Pinnacle Financial Group LLC IL grew its holdings in shares of Invesco QQQ by 32.4% during the 4th quarter. Pinnacle Financial Group LLC IL now owns 1,783 shares of the exchange traded fund's stock valued at $911,000 after acquiring an additional 436 shares in the last quarter. Finally, RB Capital Management LLC grew its holdings in shares of Invesco QQQ by 4.6% during the 4th quarter. RB Capital Management LLC now owns 2,195 shares of the exchange traded fund's stock valued at $1,122,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ:QQQ opened at $595.32 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $598.14. The business has a fifty day simple moving average of $571.28 and a 200 day simple moving average of $522.90.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.

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