Invesco QQQ $QQQ Shares Sold by Maridea Wealth Management LLC

Maridea Wealth Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,991 shares of the exchange traded fund’s stock after selling 7,455 shares during the quarter. Invesco QQQ accounts for approximately 1.5% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Maridea Wealth Management LLC’s holdings in Invesco QQQ were worth $9,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ during the third quarter valued at approximately $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter valued at approximately $27,000. Navigoe LLC boosted its position in Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Invesco QQQ in the 3rd quarter worth approximately $40,000. Finally, PayPay Securities Corp grew its stake in shares of Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Summary

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

Invesco QQQ Stock Down 1.8%

NASDAQ:QQQ opened at $582.06 on Monday. The company has a 50 day moving average price of $610.46 and a 200-day moving average price of $609.78. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be given a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, March 23rd.

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.

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

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