EdgeRock Capital LLC Has $7.47 Million Position in Invesco QQQ (NASDAQ:QQQ)

EdgeRock Capital LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 17.4% in the 4th quarter, Holdings Channel reports. The firm owned 17,409 shares of the exchange traded fund’s stock after selling 3,664 shares during the quarter. Invesco QQQ accounts for approximately 5.5% of EdgeRock Capital LLC’s portfolio, making the stock its 6th largest position. EdgeRock Capital LLC’s holdings in Invesco QQQ were worth $7,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in QQQ. 180 Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1.2% in the 3rd 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 holdings in shares of Invesco QQQ by 6.3% in the 4th 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. Aviance Capital Partners LLC raised its holdings in shares of Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 acquiring an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its holdings in shares of Invesco QQQ by 302.0% in the 3rd 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. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $0.07 on Tuesday, hitting $440.32. The company’s stock had a trading volume of 30,920,734 shares, compared to its average volume of 45,561,238. The company has a 50-day simple moving average of $436.66 and a 200 day simple moving average of $414.00. Invesco QQQ has a 1 year low of $321.32 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.