Sound Income Strategies LLC Buys 4,049 Shares of Invesco QQQ $QQQ

Key Points

• Sound Income Strategies LLC boosted its stake in Invesco QQQ by 38.6% in Q4, buying 4,049 shares to hold 14,533 shares valued at $9,029,000.
• Other large investors also increased positions — HRT Financial LP grew its QQQ holding 118.3% to 3,145,578 shares (~$1.735B) and IMS Investment Management Services Ltd. rose 68.6% to 1,750,079 shares (~$1.075B); institutional ownership is 44.58%.
• Invesco QQQ opened at $588.50, has a 52-week range of $402.39–$637.01, and pays a quarterly dividend of $0.7328 (annualized $2.93) for a yield of 0.5%.

Sound Income Strategies LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,533 shares of the exchange traded fund's stock after purchasing an additional 4,049 shares during the period. Sound Income Strategies LLC's holdings in Invesco QQQ were worth $9,029,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. HRT Financial LP grew its position in Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the period. PNC Financial Services Group Inc. grew its position in Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund's stock worth $1,843,749,000 after purchasing an additional 8,038 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund's stock worth $1,792,901,000 after purchasing an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. grew its position in Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund's stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the period. Finally, US Bancorp DE grew its stake in shares of Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund's stock valued at $827,346,000 after purchasing an additional 7,378 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $588.50 on Tuesday. The business has a 50-day simple moving average of $601.34 and a two-hundred day simple moving average of $609.38. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 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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