Elk River Wealth Management LLC Sells 306 Shares of Invesco QQQ (NASDAQ:QQQ)

Elk River Wealth Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,123 shares of the exchange traded fund’s stock after selling 306 shares during the quarter. Elk River Wealth Management LLC’s holdings in Invesco QQQ were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQ. Ironwood Wealth Management LLC. raised its position in Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after acquiring an additional 381 shares in the last quarter. Axiom Financial Strategies LLC raised its position in shares of Invesco QQQ by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 85 shares during the period. Roundview Capital LLC grew its stake in shares of Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after acquiring an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Invesco QQQ by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after acquiring an additional 278 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after acquiring an additional 337 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ stock traded down $0.86 on Wednesday, hitting $442.46. The company’s stock had a trading volume of 28,327,918 shares, compared to its average volume of 44,870,535. The stock’s 50 day moving average is $432.41 and its 200-day moving average is $398.85. Invesco QQQ has a fifty-two week low of $304.77 and a fifty-two week high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

Invesco QQQ Company Profile

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.