Sound Income Strategies LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Sound Income Strategies LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,387 shares of the exchange traded fund’s stock after selling 63 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco QQQ were worth $5,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Empirical Asset Management LLC grew its stake in shares of Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after acquiring an additional 201,597 shares during the last quarter. Finally, Main Management ETF Advisors LLC grew its stake in shares of Invesco QQQ by 33.5% in the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock worth $357,228,000 after acquiring an additional 183,550 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.6 %

QQQ opened at $529.63 on Friday. The stock has a 50-day moving average price of $517.20 and a 200-day moving average price of $493.09. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.