Elk River Wealth Management LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Elk River Wealth Management LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,123 shares of the exchange traded fund’s stock after selling 306 shares during the quarter. Elk River Wealth Management LLC’s holdings in Invesco QQQ were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. VisionPoint Advisory Group LLC acquired a new position in Invesco QQQ during the 2nd quarter worth $36,000. Core Wealth Advisors Inc. lifted its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Invesco QQQ during the 2nd quarter worth about $44,000. Blume Capital Management Inc. lifted its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC lifted its holdings in shares of Invesco QQQ by 71.4% in the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of Invesco QQQ stock traded down $0.86 on Wednesday, hitting $442.46. The stock had a trading volume of 28,327,918 shares, compared to its average volume of 44,870,535. Invesco QQQ has a 52-week low of $304.77 and a 52-week high of $449.34. The company’s 50 day moving average price is $432.41 and its 200 day moving average price is $398.85.

Invesco QQQ Dividend Announcement

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

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.