Lyell Wealth Management LP Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Lyell Wealth Management LP decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,238 shares of the exchange traded fund’s stock after selling 179 shares during the quarter. Lyell Wealth Management LP’s holdings in Invesco QQQ were worth $2,167,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. raised its stake in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the last quarter. Northwest Investment Counselors LLC raised its stake in shares of Invesco QQQ by 4.5% in the third quarter. Northwest Investment Counselors LLC now owns 2,488 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 107 shares during the last quarter. Venture Visionary Partners LLC raised its stake in shares of Invesco QQQ by 21.5% in the third quarter. Venture Visionary Partners LLC now owns 94,846 shares of the exchange traded fund’s stock worth $46,292,000 after purchasing an additional 16,801 shares during the last quarter. Kennicott Capital Management LLC raised its stake in shares of Invesco QQQ by 0.5% in the third quarter. Kennicott Capital Management LLC now owns 121,659 shares of the exchange traded fund’s stock worth $59,378,000 after purchasing an additional 608 shares during the last quarter. Finally, Waterway Wealth Management LLC raised its stake in shares of Invesco QQQ by 7.0% in the third quarter. Waterway Wealth Management LLC now owns 857 shares of the exchange traded fund’s stock worth $418,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $539.37 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.00. The business has a fifty day moving average price of $523.07 and a 200-day moving average price of $499.53.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.