Invesco QQQ (NASDAQ:QQQ) Holdings Cut by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,551 shares of the exchange traded fund’s stock after selling 655 shares during the period. Invesco QQQ comprises about 10.1% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Lowe Wealth Advisors LLC’s holdings in Invesco QQQ were worth $23,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. International Assets Investment Management LLC lifted its position in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Granite Bay Wealth Management LLC raised its stake in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Invesco QQQ by 6,880.6% during the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after purchasing an additional 389,921 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $7.64 during trading on Friday, hitting $507.63. The company had a trading volume of 39,636,068 shares, compared to its average volume of 34,206,148. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The business’s 50-day moving average is $514.52 and its 200 day moving average is $490.73.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.