Invesco QQQ $QQQ Stock Position Trimmed by LGL Partners LLC

Key Points

• LGL Partners LLC reduced its holdings in Invesco QQQ by 36.2%, now owning 20,459 shares worth approximately $9.6 million.
• Other investors like Eagle Capital Management and Brighton Jones LLC have recently increased their stakes in Invesco QQQ, indicating mixed sentiment among institutional investors.
• As of the latest update, Invesco QQQ shares opened at $570.40, with a 12-month trading range between $402.39 and $583.32.

LGL Partners LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 36.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,459 shares of the exchange traded fund's stock after selling 11,624 shares during the quarter. Invesco QQQ comprises approximately 4.6% of LGL Partners LLC's portfolio, making the stock its 6th biggest holding. LGL Partners LLC's holdings in Invesco QQQ were worth $9,608,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% during 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 during the last quarter. Brighton Jones LLC increased its stake 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 worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% during 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 during the last quarter. First Trust Advisors LP acquired a new stake in Invesco QQQ during the fourth quarter worth about $610,000. Finally, Triumph Capital Management increased its stake in Invesco QQQ by 1.8% during the fourth quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund's stock worth $4,475,000 after acquiring an additional 154 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $570.40 on Tuesday. The business has a 50-day moving average of $563.01 and a two-hundred day moving average of $517.40. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

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

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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