Invesco QQQ (NASDAQ:QQQ) is Darwin Wealth Management LLC’s Largest Position

Darwin Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 21.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,920 shares of the exchange traded fund’s stock after selling 10,898 shares during the quarter. Invesco QQQ accounts for 4.4% of Darwin Wealth Management LLC’s investment portfolio, making the stock its largest holding. Darwin Wealth Management LLC’s holdings in Invesco QQQ were worth $16,348,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. GDS Wealth Management bought a new stake in Invesco QQQ in the fourth quarter worth about $790,000. Breed s Hill Capital LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $1,093,000. Wealthspire Advisors LLC lifted its stake in Invesco QQQ by 505.5% in the fourth quarter. Wealthspire Advisors LLC now owns 131,472 shares of the exchange traded fund’s stock worth $53,840,000 after purchasing an additional 109,760 shares during the last quarter. E Fund Management Co. Ltd. lifted its stake in Invesco QQQ by 52.0% in the fourth quarter. E Fund Management Co. Ltd. now owns 3,781 shares of the exchange traded fund’s stock worth $1,548,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Clearwater Capital Advisors LLC raised its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Clearwater Capital Advisors LLC now owns 7,489 shares of the exchange traded fund’s stock valued at $3,067,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $0.96 on Thursday, hitting $441.02. 24,398,462 shares of the company traded hands, compared to its average volume of 45,098,582. The stock’s 50 day moving average price is $436.76 and its 200-day moving average price is $414.18. Invesco QQQ has a 52 week low of $321.60 and a 52 week high of $449.34.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.