Invesco QQQ $QQQ Shares Sold by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 28,380 shares of the exchange traded fund’s stock after selling 1,605 shares during the period. Invesco QQQ makes up 1.2% of Sound View Wealth Advisors Group LLC’s portfolio, making the stock its 22nd largest holding. Sound View Wealth Advisors Group LLC’s holdings in Invesco QQQ were worth $17,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Orgel Wealth Management LLC increased its holdings in shares of Invesco QQQ by 4.7% in the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 17 shares in the last quarter. Enclave Advisors LLC boosted its stake in shares of Invesco QQQ by 0.9% during the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after acquiring an additional 17 shares in the last quarter. IFS Advisors LLC grew its holdings in shares of Invesco QQQ by 4.1% in the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 17 shares during the last quarter. Mezzasalma Advisors LLC grew its holdings in shares of Invesco QQQ by 0.5% in the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after acquiring an additional 17 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. raised its position in shares of Invesco QQQ by 1.4% during the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after purchasing an additional 17 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Down 1.8%

Shares of NASDAQ QQQ opened at $582.06 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The business has a fifty day simple moving average of $610.46 and a 200-day simple moving average of $609.78.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be issued 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.

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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