Interactive Financial Advisors Inc. Decreases Stock Holdings in Invesco QQQ $QQQ

Interactive Financial Advisors Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 22.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,528 shares of the exchange traded fund’s stock after selling 3,607 shares during the period. Invesco QQQ accounts for approximately 5.0% of Interactive Financial Advisors Inc.’s portfolio, making the stock its 5th largest holding. Interactive Financial Advisors Inc.’s holdings in Invesco QQQ were worth $7,696,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares during the last quarter. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Invesco QQQ by 1,216.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock worth $345,070,000 after purchasing an additional 519,051 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco QQQ by 11.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after purchasing an additional 375,581 shares during the last quarter. Finally, NorthRock Partners LLC raised its stake in Invesco QQQ by 1,355.6% in the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock valued at $183,024,000 after purchasing an additional 283,909 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $717.54 on Monday. Invesco QQQ has a 1 year low of $505.58 and a 1 year high of $722.12. The company has a 50 day simple moving average of $638.80 and a two-hundred day simple moving average of $623.00.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

About Invesco QQQ

(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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