Elevation Capital Advisory LLC Reduces Holdings in Invesco QQQ $QQQ

Elevation Capital Advisory LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 58.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,477 shares of the exchange traded fund’s stock after selling 18,792 shares during the period. Invesco QQQ accounts for about 3.2% of Elevation Capital Advisory LLC’s holdings, making the stock its 12th biggest position. Elevation Capital Advisory LLC’s holdings in Invesco QQQ were worth $8,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fifth Third Securities Inc. grew its stake in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new position in Invesco QQQ in the third quarter valued at $803,000. Great Point Wealth Advisors LLC purchased a new stake in Invesco QQQ during the third quarter valued at about $507,000. BCGM Wealth Management LLC grew its position in Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after acquiring an additional 3,066 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new stake in Invesco QQQ during the third quarter worth about $2,086,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $620.76 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock’s 50-day moving average is $616.24 and its 200-day moving average is $597.20.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis 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 of this dividend was Monday, December 22nd.

Invesco QQQ News Roundup

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

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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