Crewe Advisors LLC Has $9.26 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Crewe Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,969 shares of the exchange traded fund’s stock after selling 97 shares during the period. Invesco QQQ comprises about 1.1% of Crewe Advisors LLC’s holdings, making the stock its 19th largest position. Crewe Advisors LLC’s holdings in Invesco QQQ were worth $9,258,000 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 the company. PBCay One RSC Ltd lifted its stake in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after acquiring an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Invesco QQQ by 140.6% during the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 142 shares during the period. Vanguard Group Inc. grew its position in shares of Invesco QQQ by 5.0% in the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after purchasing an additional 832 shares during the last quarter. SVB Wealth LLC increased its stake in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after purchasing an additional 2,453 shares during the period. Finally, Ascent Group LLC boosted its stake in Invesco QQQ by 33.6% during the 1st quarter. Ascent Group LLC now owns 1,585 shares of the exchange traded fund’s stock valued at $704,000 after purchasing an additional 399 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ QQQ opened at $505.79 on Friday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The business’s 50 day moving average is $493.08 and its two-hundred day moving average is $476.93.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, September 23rd.

About Invesco QQQ

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.