BIP Wealth LLC Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

BIP Wealth LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,539 shares of the exchange traded fund’s stock after selling 110 shares during the period. BIP Wealth LLC’s holdings in Invesco QQQ were worth $1,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Eagle Capital Management LLC raised its holdings in shares of Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after buying an additional 185 shares during the period. Brighton Jones LLC increased its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Natixis Advisors LLC increased its holdings in Invesco QQQ by 8.6% during the 4th quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund’s stock worth $15,306,000 after purchasing an additional 2,368 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in Invesco QQQ by 6.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 18,514 shares of the exchange traded fund’s stock worth $9,465,000 after purchasing an additional 1,106 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.5%

Shares of NASDAQ:QQQ opened at $558.75 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $560.70. The business’s fifty day simple moving average is $528.46 and its 200-day simple moving average is $505.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.

About Invesco QQQ

(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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