Invesco QQQ $QQQ Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC decreased its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 8.8% in the 4th quarter, Holdings Channel reports. The firm owned 93,375 shares of the exchange traded fund’s stock after selling 9,025 shares during the quarter. Invesco QQQ accounts for approximately 9.6% of AdvisorShares Investments LLC’s portfolio, making the stock its 2nd biggest position. AdvisorShares Investments LLC’s holdings in Invesco QQQ were worth $57,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Invesco QQQ in the 3rd quarter valued at about $40,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

More Invesco QQQ News

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Invesco QQQ Price Performance

QQQ stock opened at $738.31 on Friday. Invesco QQQ has a 12 month low of $511.93 and a 12 month high of $741.63. The firm has a 50 day simple moving average of $652.03 and a 200 day simple moving average of $626.95.

Invesco QQQ Cuts Dividend

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

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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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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