Orion Porfolio Solutions LLC Sells 1,666 Shares of Invesco QQQ $QQQ

Orion Porfolio Solutions LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 121,182 shares of the exchange traded fund’s stock after selling 1,666 shares during the period. Invesco QQQ comprises about 0.6% of Orion Porfolio Solutions LLC’s investment portfolio, making the stock its 27th largest holding. Orion Porfolio Solutions LLC’s holdings in Invesco QQQ were worth $72,754,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in QQQ. Fifth Third Securities Inc. lifted its position in shares of Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares during the last quarter. SK Wealth Management LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $803,000. Great Point Wealth Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ during the third quarter valued at approximately $10,771,000. Finally, Coyle Financial Counsel LLC boosted its stake in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after acquiring an additional 2,035 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.5%

NASDAQ QQQ opened at $610.75 on Thursday. The firm’s fifty day simple moving average is $615.39 and its two-hundred day simple moving average is $607.06. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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.

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

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