Greenup Street Wealth Management LLC Sells 5,329 Shares of Invesco QQQ $QQQ

Greenup Street Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,285 shares of the exchange traded fund’s stock after selling 5,329 shares during the period. Invesco QQQ accounts for about 10.1% of Greenup Street Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Greenup Street Wealth Management LLC’s holdings in Invesco QQQ were worth $65,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC raised its stake in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the period. American Century Companies Inc. bought a new stake in Invesco QQQ in the first quarter worth about $3,442,000. Trexquant Investment LP lifted its holdings in Invesco QQQ by 45.5% in the 1st quarter. Trexquant Investment LP now owns 1,567 shares of the exchange traded fund’s stock valued at $735,000 after acquiring an additional 490 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $7,805,000. 44.58% of the stock is owned by institutional investors.

Key Stores Impacting Invesco QQQ

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

Invesco QQQ Stock Down 0.0%

Shares of QQQ opened at $623.89 on Friday. The firm’s 50 day moving average is $616.25 and its 200-day moving average is $586.55. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

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

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.

Further Reading

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

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