Invesco QQQ (NASDAQ:QQQ) Shares Sold by Summit Global Investments

Summit Global Investments lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 90,604 shares of the exchange traded fund’s stock after selling 12,509 shares during the period. Invesco QQQ makes up 2.4% of Summit Global Investments’ holdings, making the stock its 6th biggest holding. Summit Global Investments’ holdings in Invesco QQQ were worth $37,104,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of QQQ. 180 Wealth Advisors LLC raised its position in Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after acquiring an additional 29 shares in the last quarter. Bank Hapoalim BM raised its position in Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Ameriprise Financial Inc. raised its position in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. VitalStone Financial LLC raised its position in Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after acquiring an additional 16,079 shares in the last quarter. Finally, Scarborough Advisors LLC raised its position in Invesco QQQ by 73.3% during the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 581 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.1 %

QQQ stock traded up $4.83 during trading on Thursday, hitting $426.35. 29,941,534 shares of the company traded hands, compared to its average volume of 45,788,883. The stock’s 50-day simple moving average is $436.78 and its 200 day simple moving average is $411.61. Invesco QQQ has a 1 year low of $315.11 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. 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.

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.