FWG Holdings LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

FWG Holdings LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,393 shares of the exchange traded fund’s stock after selling 402 shares during the period. Invesco QQQ makes up about 8.4% of FWG Holdings LLC’s portfolio, making the stock its 3rd biggest position. FWG Holdings LLC’s holdings in Invesco QQQ were worth $17,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 46,491.6% during 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 buying an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC lifted its holdings in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new position in Invesco QQQ during the 2nd quarter worth about $215,600,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ opened at $500.02 on Tuesday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The stock’s 50-day moving average price is $490.25 and its two-hundred day moving average price is $475.35.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. 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.