BCGM Wealth Management LLC Sells 1,251 Shares of Invesco QQQ $QQQ

BCGM Wealth Management LLC cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,346 shares of the exchange traded fund’s stock after selling 1,251 shares during the period. Invesco QQQ accounts for 3.8% of BCGM Wealth Management LLC’s portfolio, making the stock its 4th biggest position. BCGM Wealth Management LLC’s holdings in Invesco QQQ were worth $14,617,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Navigoe LLC raised its stake in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the last quarter. PayPay Securities Corp raised its position in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth about $42,000. Accent Capital Management LLC lifted its stake in shares of Invesco QQQ by 43.1% in the 3rd quarter. Accent Capital Management LLC now owns 83 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 25 shares during the period. Finally, Canoe Financial LP bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $64,000. Institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Stock Down 0.3%

NASDAQ QQQ opened at $607.29 on Monday. The business has a 50 day simple moving average of $616.27 and a 200 day simple moving average of $606.66. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. 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. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Company 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

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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