Invesco QQQ (NASDAQ:QQQ) Stock Position Lowered by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,814 shares of the exchange traded fund’s stock after selling 1,021 shares during the quarter. Invesco QQQ makes up approximately 2.8% of Outlook Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding. Outlook Wealth Advisors LLC’s holdings in Invesco QQQ were worth $8,114,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $36,000. Friedenthal Financial bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $41,000. Core Wealth Advisors Inc. boosted its stake in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $44,000. Finally, Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $7.10 during midday trading on Friday, reaching $438.27. 53,664,995 shares of the company’s stock traded hands, compared to its average volume of 41,218,740. The stock’s 50 day simple moving average is $438.24 and its 200-day simple moving average is $405.53. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

Invesco QQQ Company 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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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