Three Seasons Wealth LLC Sells 11,338 Shares of Invesco QQQ $QQQ

Three Seasons Wealth LLC lowered its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 62.7% during the 1st quarter, HoldingsChannel reports. The firm owned 6,739 shares of the exchange traded fund’s stock after selling 11,338 shares during the period. Invesco QQQ comprises 1.5% of Three Seasons Wealth LLC’s holdings, making the stock its 16th largest position. Three Seasons Wealth LLC’s holdings in Invesco QQQ were worth $3,890,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC bought a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $290,000. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after buying an additional 30,206 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Price Performance

QQQ opened at $717.74 on Thursday. The company’s 50 day moving average is $720.50 and its 200 day moving average is $652.26. Invesco QQQ has a 12-month low of $551.56 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ 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.

Featured Stories

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

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