Octavia Wealth Advisors LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Octavia Wealth Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,289 shares of the exchange traded fund’s stock after selling 1,045 shares during the quarter. Invesco QQQ accounts for 0.8% of Octavia Wealth Advisors LLC’s portfolio, making the stock its 27th biggest holding. Octavia Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,626,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings 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 worth $11,580,806,000 after acquiring an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Morgan Stanley raised its holdings 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 acquiring an additional 1,533,114 shares during the last quarter. Finally, Granite Bay Wealth Management LLC raised its holdings in shares of Invesco QQQ by 2,372.7% in the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock worth $298,345,000 after acquiring an additional 771,827 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $0.51 during trading hours on Tuesday, hitting $430.55. 25,920,981 shares of the company’s stock were exchanged, compared to its average volume of 45,129,617. The business’s 50 day moving average is $438.29 and its 200-day moving average is $406.76. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.

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.