Invesco QQQ $QQQ Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 166,524 shares of the exchange traded fund’s stock after selling 3,052 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Invesco QQQ were worth $99,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. LifeGoal Investments LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $394,000. Petix & Botte Co grew its position in Invesco QQQ by 2.7% during the third quarter. Petix & Botte Co now owns 13,953 shares of the exchange traded fund’s stock valued at $8,377,000 after buying an additional 369 shares during the period. Tcfg Wealth Management LLC purchased a new position in Invesco QQQ in the third quarter valued at $1,668,000. WBI Investments LLC increased its holdings in Invesco QQQ by 6.7% in the third quarter. WBI Investments LLC now owns 9,699 shares of the exchange traded fund’s stock valued at $5,823,000 after buying an additional 613 shares in the last quarter. Finally, Kensington Investment Counsel LLC raised its position in shares of Invesco QQQ by 8.8% in the third quarter. Kensington Investment Counsel LLC now owns 8,190 shares of the exchange traded fund’s stock worth $4,917,000 after acquiring an additional 659 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $594.85 on Thursday. The company’s 50-day simple moving average is $611.91 and its 200-day simple moving average is $609.22. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Headlines Impacting Invesco QQQ

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

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.

Further Reading

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:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.