Townsquare Capital LLC Sells 2,522 Shares of Invesco QQQ $QQQ

Townsquare Capital LLC reduced its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 48.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,691 shares of the exchange traded fund’s stock after selling 2,522 shares during the period. Townsquare Capital LLC’s holdings in Invesco QQQ were worth $1,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ during the second quarter valued at about $30,000. Navigoe LLC increased its holdings in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares during the period. PayPay Securities Corp lifted its stake in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $42,000. Finally, Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6%

Shares of QQQ stock opened at $629.43 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business’s fifty day moving average is $619.19 and its 200 day moving average is $599.78.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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