Well Done LLC Has $1.11 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Well Done LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,708 shares of the exchange traded fund’s stock after selling 39 shares during the period. Well Done LLC’s holdings in Invesco QQQ were worth $1,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. VisionPoint Advisory Group LLC acquired a new stake in Invesco QQQ during the second quarter worth approximately $36,000. Core Wealth Advisors Inc. boosted its stake in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Invesco QQQ in the second quarter worth $44,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 104.0% in 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. Finally, Buck Wealth Strategies LLC raised its holdings in shares of Invesco QQQ by 71.4% during the third 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 period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $0.35 during trading hours on Wednesday, hitting $442.97. The stock had a trading volume of 26,945,078 shares, compared to its average volume of 44,859,855. The firm has a 50 day simple moving average of $432.41 and a 200-day simple moving average of $398.85. Invesco QQQ has a 1-year low of $304.77 and a 1-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. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend 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.