Sound Income Strategies LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,151 shares of the exchange traded fund's stock after acquiring an additional 1,764 shares during the period. Sound Income Strategies LLC's holdings in Invesco QQQ were worth $6,167,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Wealth Group Ltd. grew its holdings in Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after acquiring an additional 102 shares during the last quarter. Tallon Kerry Patrick bought a new position in Invesco QQQ during the 4th quarter valued at approximately $4,904,000. Capital & Planning LLC lifted its holdings in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares during the period. Naviter Wealth LLC grew its position in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after buying an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC grew its position in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after buying an additional 185 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
QQQ stock traded down $0.09 during trading on Wednesday, reaching $528.99. The company had a trading volume of 42,317,332 shares, compared to its average volume of 38,467,122. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business has a 50 day moving average of $496.20 and a 200 day moving average of $503.08.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
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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