Free Trial

Lansing Street Advisors Has $9.98 Million Stake in Invesco QQQ $QQQ

Invesco QQQ logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Lansing Street Advisors cut its position in Invesco QQQ by 34.3% in Q4 and now holds 16,239 shares worth about $9.98 million, representing roughly 2.5% of its holdings and the firm's 11th-largest holding.
  • Invesco QQQ paid a quarterly dividend of $0.7328 (ex-dividend March 23), equal to an annualized $2.93 and a ~0.5% yield.
  • QQQ opened at $628.38, trading near its 52-week high with 50- and 200-day moving averages of $599.41 and $609.92, while near-term sentiment is mixed—premarket strength is offset by geopolitical and inflation-driven downside risks.
  • Five stocks to consider instead of Invesco QQQ.

Lansing Street Advisors decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,239 shares of the exchange traded fund's stock after selling 8,477 shares during the quarter. Invesco QQQ accounts for approximately 2.5% of Lansing Street Advisors' holdings, making the stock its 11th largest holding. Lansing Street Advisors' holdings in Invesco QQQ were worth $9,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Brighton Jones LLC raised its stake in shares of Invesco QQQ by 15.0% in the 4th 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 during the period. Revolve Wealth Partners LLC raised its stake in shares of 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 valued at $2,687,000 after purchasing an additional 176 shares during the period. Jupiter Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $290,000. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock valued at $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock valued at $18,239,000 after purchasing an additional 30,206 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ opened at $628.38 on Wednesday. The business's 50-day moving average price is $599.41 and its two-hundred day moving average price is $609.92. Invesco QQQ has a 1 year low of $427.93 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%.

More Invesco QQQ News

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.

Featured Articles

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.

Should You Invest $1,000 in Invesco QQQ Right Now?

Before you consider Invesco QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.

While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Click the link to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines