VisionPoint Advisory Group LLC Has $1.69 Million Stake in Invesco QQQ (NASDAQ:QQQ)

VisionPoint Advisory Group LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,128 shares of the exchange traded fund’s stock after selling 464 shares during the period. VisionPoint Advisory Group LLC’s holdings in Invesco QQQ were worth $1,690,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QQQ. IMA Wealth Inc. increased its holdings in Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC increased its position in Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after buying an additional 25 shares during the period. Cedrus LLC lifted its position in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its stake in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 25 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $1.04 during midday trading on Friday, hitting $442.06. The company’s stock had a trading volume of 27,116,566 shares, compared to its average volume of 45,250,624. The stock has a fifty day moving average price of $436.73 and a 200 day moving average price of $414.97. Invesco QQQ has a one year low of $322.94 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

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.