Invesco QQQ $QQQ Position Trimmed by Aprio Wealth Management LLC

Aprio Wealth Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,407 shares of the exchange traded fund’s stock after selling 2,854 shares during the quarter. Aprio Wealth Management LLC’s holdings in Invesco QQQ were worth $9,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Modera Wealth Management LLC raised its position in shares of Invesco QQQ by 2.8% in the 3rd quarter. Modera Wealth Management LLC now owns 14,086 shares of the exchange traded fund’s stock worth $10,421,000 after acquiring an additional 387 shares in the last quarter. Greenup Street Wealth Management LLC lifted its stake in Invesco QQQ by 3.2% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 196,560 shares of the exchange traded fund’s stock worth $145,409,000 after acquiring an additional 6,051 shares in the last quarter. Heritage Wealth Management Inc. boosted its holdings in Invesco QQQ by 1.1% in the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 14 shares during the period. CFC Planning Co LLC raised its holdings in Invesco QQQ by 5.3% in the third quarter. CFC Planning Co LLC now owns 398 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 20 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Invesco QQQ by 1,782.9% in the third quarter. Raleigh Capital Management Inc. now owns 2,636 shares of the exchange traded fund’s stock valued at $1,950,000 after purchasing an additional 2,496 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $690.49 on Friday. The business’s 50-day moving average price is $725.00 and its 200 day moving average price is $679.01. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a $0.7514 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.

Key Stories Impacting Invesco QQQ

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

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.

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

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