Pursue Wealth Partners LLC Sells 1,240 Shares of Invesco QQQ $QQQ

Pursue Wealth Partners LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 21.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,593 shares of the exchange traded fund’s stock after selling 1,240 shares during the quarter. Invesco QQQ comprises approximately 1.5% of Pursue Wealth Partners LLC’s portfolio, making the stock its 18th biggest position. Pursue Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,758,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% in 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. Jupiter Wealth Management LLC purchased a new stake in Invesco QQQ during the second quarter valued at $290,000. Pasadena Private Wealth LLC lifted its holdings in Invesco QQQ by 90.6% in the second quarter. Pasadena Private Wealth LLC now owns 13,507 shares of the exchange traded fund’s stock valued at $7,451,000 after acquiring an additional 6,420 shares during the period. Finally, Wealth Group Ltd. boosted its position in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $601.92 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a 50-day simple moving average of $618.30 and a two-hundred day simple moving average of $603.76.

Invesco QQQ Increases Dividend

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

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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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