Members Advisory Group LLC Sells 4,511 Shares of Invesco QQQ (NASDAQ:QQQ)

Members Advisory Group LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,617 shares of the exchange traded fund’s stock after selling 4,511 shares during the period. Invesco QQQ comprises 3.8% of Members Advisory Group LLC’s investment portfolio, making the stock its 9th biggest holding. Members Advisory Group LLC’s holdings in Invesco QQQ were worth $6,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after purchasing an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after acquiring an additional 43,000 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $4.29 during mid-day trading on Friday, reaching $457.95. 29,485,617 shares of the company were exchanged, compared to its average volume of 43,552,012. The company’s 50 day moving average price is $438.77 and its 200 day moving average price is $421.07. Invesco QQQ has a 52 week low of $336.67 and a 52 week high of $460.58.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, March 18th.

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.

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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