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Prime Capital Investment Advisors LLC Lowers Stock Holdings in Invesco QQQ $QQQ

Invesco QQQ logo with Finance background
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Key Points

  • Prime Capital cut its stake in Invesco QQQ by 4.0% in Q4, selling 8,464 shares and finishing the period with 202,044 shares worth $124,118,000 — about 1.5% of the firm's holdings and its 14th-largest position.
  • Invesco QQQ paid a quarterly dividend of $0.7328 on March 27 (annualized $2.93), implying a yield of roughly 0.5%.
  • Market backdrop is mixed: a US‑Iran ceasefire and technical breakout have supported QQQ, but GDP revisions, persistent inflation and re‑priced rate‑cut odds create meaningful downside risks.
  • Interested in Invesco QQQ? Here are five stocks we like better.

Prime Capital Investment Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,044 shares of the exchange traded fund's stock after selling 8,464 shares during the period. Invesco QQQ comprises about 1.5% of Prime Capital Investment Advisors LLC's holdings, making the stock its 14th largest holding. Prime Capital Investment Advisors LLC's holdings in Invesco QQQ were worth $124,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Well Done LLC boosted its position in shares of Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund's stock worth $2,113,000 after buying an additional 16 shares during the period. Orgel Wealth Management LLC boosted its position in shares of Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund's stock worth $229,000 after buying an additional 17 shares during the period. Enclave Advisors LLC boosted its position in shares of Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund's stock worth $1,099,000 after buying an additional 17 shares during the period. IFS Advisors LLC boosted its position in shares of Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund's stock worth $259,000 after buying an additional 17 shares during the period. Finally, Mezzasalma Advisors LLC boosted its position in shares of Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund's stock worth $1,988,000 after buying an additional 17 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $610.19 on Friday. Invesco QQQ has a 52 week low of $427.93 and a 52 week high of $637.01. The business has a fifty day simple moving average of $599.56 and a 200-day simple moving average of $609.29.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Summary

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

Invesco QQQ 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.

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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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