Financial Perspectives Inc Sells 62 Shares of Invesco QQQ (NASDAQ:QQQ)

Financial Perspectives Inc lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,779 shares of the exchange traded fund’s stock after selling 62 shares during the quarter. Invesco QQQ comprises 0.8% of Financial Perspectives Inc’s investment portfolio, making the stock its 26th biggest holding. Financial Perspectives Inc’s holdings in Invesco QQQ were worth $1,957,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of QQQ. International Assets Investment Management LLC raised its holdings in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Comerica Bank acquired a new stake in shares of Invesco QQQ in the 3rd quarter worth about $140,657,000. Granite Bay Wealth Management LLC raised its holdings in shares of Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after acquiring an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its holdings in shares of Invesco QQQ by 36.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after acquiring an additional 376,661 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Invesco QQQ by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

NASDAQ:QQQ traded up $6.25 on Tuesday, hitting $425.07. The stock had a trading volume of 44,085,762 shares, compared to its average volume of 46,010,473. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34. The firm’s fifty day simple moving average is $437.27 and its two-hundred day simple moving average is $409.02.

Invesco QQQ Dividend Announcement

The company 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 $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

About Invesco QQQ

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.