Colonial River Wealth Management LLC Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Colonial River Wealth Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,233 shares of the exchange traded fund’s stock after selling 1,402 shares during the period. Invesco QQQ comprises about 1.0% of Colonial River Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Colonial River Wealth Management LLC’s holdings in Invesco QQQ were worth $1,733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its position in shares of Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares in the last quarter. Morgan Stanley lifted its position in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Barclays PLC raised its position in Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the period. Envestnet Asset Management Inc. lifted its position in Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $441.11 on Wednesday. The company’s fifty day simple moving average is $435.73 and its 200-day simple moving average is $401.79. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

Invesco QQQ Company 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.

See Also

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

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