Madrona Financial Services LLC Has $44.83 Million Stock Position in Invesco QQQ $QQQ

Madrona Financial Services LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,973 shares of the exchange traded fund’s stock after selling 1,236 shares during the period. Invesco QQQ accounts for 9.6% of Madrona Financial Services LLC’s portfolio, making the stock its 2nd largest position. Madrona Financial Services LLC’s holdings in Invesco QQQ were worth $44,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $27,000. Navigoe LLC raised its position in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $40,000. Finally, PayPay Securities Corp raised its position in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Price Performance

QQQ opened at $611.07 on Friday. Invesco QQQ has a 12 month low of $427.93 and a 12 month high of $637.01. The stock has a fifty day moving average price of $599.35 and a 200-day moving average price of $609.43.

Invesco QQQ Cuts Dividend

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

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

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