Principle Wealth Partners LLC Sells 150 Shares of Invesco QQQ (NASDAQ:QQQ)

Principle Wealth Partners LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,398 shares of the exchange traded fund’s stock after selling 150 shares during the quarter. Principle Wealth Partners LLC’s holdings in Invesco QQQ were worth $5,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 1.2% in 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 buying an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 6.1% in 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 buying an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Invesco QQQ by 5.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock valued at $828,368,000 after buying an additional 114,095 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock valued at $663,516,000 after buying an additional 43,000 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

NASDAQ QQQ traded up $6.55 during trading hours on Friday, reaching $431.00. The company’s stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The firm has a fifty day simple moving average of $436.88 and a 200-day simple moving average of $410.40. Invesco QQQ has a 52 week low of $315.05 and a 52 week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.

About Invesco QQQ

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.