Invesco QQQ $QQQ Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,220 shares of the exchange traded fund’s stock after selling 1,246 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Invesco QQQ were worth $4,435,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Coyle Financial Counsel LLC increased its stake in Invesco QQQ by 5.8% in the fourth quarter. Coyle Financial Counsel LLC now owns 45,972 shares of the exchange traded fund’s stock valued at $28,241,000 after purchasing an additional 2,514 shares during the period. ARK & TLK Investments LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $384,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of Invesco QQQ by 66.7% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 565 shares of the exchange traded fund’s stock worth $347,000 after acquiring an additional 226 shares during the period. Principia Wealth Advisory LLC increased its stake in shares of Invesco QQQ by 7.2% during the fourth quarter. Principia Wealth Advisory LLC now owns 19,505 shares of the exchange traded fund’s stock worth $11,982,000 after acquiring an additional 1,302 shares during the period. Finally, Blueline Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $1,690,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4%

Shares of Invesco QQQ stock opened at $738.31 on Friday. Invesco QQQ has a 52-week low of $511.93 and a 52-week high of $741.63. The company’s 50-day simple moving average is $652.03 and its 200-day simple moving average is $626.95.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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Invesco QQQ 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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