Continuum Advisory LLC Reduces Investment in Invesco QQQ

Continuum Advisory LLC recently announced a reduction in its investment in Invesco QQQ (NASDAQ:QQQ) by 3.6% during the third quarter. According to their latest filing with the Securities and Exchange Commission, the institutional investor currently holds 30,062 shares of the exchange-traded fund (ETF) after selling 1,108 shares in the reported timeframe. This adjustment means that Invesco QQQ now represents about 1.9% of Continuum Advisory LLC's total investment portfolio, making it their ninth largest position. As of the end of the latest quarter, Invesco QQQ's shares were valued at approximately $15,292,000.

Movements in Institutional Investments

Other institutional investors have also been making significant changes to their stakes in Invesco QQQ. For instance, International Assets Investment Management LLC significantly increased its position in the ETF by an astonishing 46,491.6% during the same quarter. This has resulted in them owning 32,586,150 shares, valued at about $15,904,322,000, after acquiring an additional 32,516,210 shares recently. Similarly, Ameriprise Financial Inc. boosted its stake by 7.3% in the previous quarter, bringing its total to 4,966,637 shares valued at $2,379,676,000 after buying 338,494 additional shares. Northwestern Mutual Wealth Management Co. raised its holdings by 1.1%, ending up with 3,199,214 shares valued at $1,532,904,000, following a purchase of 33,790 shares. Furthermore, Strategic Financial Concepts LLC increased its stake by a remarkable 18,691.3% during the second quarter, now owning 2,777,351 shares worth about $13,307,000. Lastly, Commonwealth Equity Services LLC also grew its position by 2.6%, now holding 2,544,540 shares valued at $1,219,115,000. Overall, institutional investors collectively own about 44.58% of Invesco QQQ's total shares.

Invesco QQQ's Current Performance Metrics

As of Monday, Invesco QQQ's stock opened at $526.48. The ETF has recorded a 50-day simple moving average of $499.59 and a 200-day simple moving average of $481.73. Invesco QQQ has experienced a one-year low of $386.96 and a one-year high reaching $526.72, indicating notable price fluctuations over the past year.

Dividend Information

In addition to its stock performance, Invesco QQQ recently declared a quarterly dividend that was paid on October 31st. Shareholders who were on record as of September 23rd received a dividend of $0.677 per share, translating to an annualized dividend yield of 0.51% and a total dividend payout of $2.71.

Understanding Invesco QQQ

Invesco QQQ Trust, Series 1, is a unit investment trust that serves investors through the distribution of securities known as the Nasdaq-100 Index Tracking Stock. The primary goal of the Trust is to yield investment results that correlate with the price and yield performance of the Nasdaq-100 Index. This provides a substantial opportunity for investors who want to purchase units representing their share of the diversified portfolio that mirrors the components and respective weightings of the Nasdaq-100 Index.

Invesco, QQQ, Investment