Intelligence Driven Advisers LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Intelligence Driven Advisers LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,152 shares of the exchange traded fund’s stock after selling 81 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Invesco QQQ were worth $898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. International Assets Investment Management LLC increased 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 purchasing an additional 28,263,426 shares during the last quarter. Comerica Bank bought a new position in Invesco QQQ in the third quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC boosted its position in Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after acquiring an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in Invesco QQQ by 36.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after acquiring an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after acquiring an additional 367,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $4.88 during midday trading on Thursday, hitting $426.40. 23,973,876 shares of the company’s stock traded hands, compared to its average volume of 45,717,777. Invesco QQQ has a 1 year low of $315.11 and a 1 year high of $449.34. The firm’s fifty day moving average is $436.78 and its 200-day moving average is $411.61.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 18th.

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.