Reyes Financial Architecture Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,432 shares of the exchange traded fund's stock after selling 4,696 shares during the quarter. Invesco QQQ accounts for about 1.4% of Reyes Financial Architecture Inc.'s portfolio, making the stock its 13th largest position. Reyes Financial Architecture Inc.'s holdings in Invesco QQQ were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Orgel Wealth Management LLC increased its holdings in Invesco QQQ by 4.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund's stock worth $229,000 after purchasing an additional 17 shares during the period. Enclave Advisors LLC grew 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 in the last quarter. IFS Advisors LLC grew 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 in the last quarter. Mezzasalma Advisors LLC increased its stake 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. Finally, TCV Trust & Wealth Management Inc. raised its holdings in Invesco QQQ by 1.4% in the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund's stock valued at $748,000 after acquiring an additional 17 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 1.5%
Shares of Invesco QQQ stock opened at $610.75 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The company has a 50 day moving average of $615.39 and a 200 day moving average of $607.06.
Invesco QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This is an increase from Invesco QQQ's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.
Key Stories Impacting Invesco QQQ
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.
See Also
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).

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