Clear Creek Financial Management LLC Reduces Investment in Invesco QQQ Shares

Clear Creek Financial Management LLC has recently updated its investment position in Invesco QQQ (NASDAQ:QQQ) as per the most current Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor reported a decrease of 27.3% in its holdings during the third quarter. As a result, Clear Creek now owns 65,633 shares of this popular exchange-traded fund.

Other Investors in Invesco QQQ

In contrast to Clear Creek's reduction, other institutional investors have been actively buying shares of Invesco QQQ. Private Wealth Partners LLC, for instance, raised its stake by 5.7% during the same quarter, acquiring an additional 1,977 shares, leading to ownership of 36,725 shares in total. This position constitutes approximately 1.4% of their overall portfolio, making Invesco QQQ their 22nd largest investment, valued at around $17.9 million.

Moreover, International Assets Investment Management LLC showcased a remarkable increase of 46,491.6% in their holdings, now owning over 32.5 million shares valued at approximately $15.9 billion. Other significant increases include Steel Grove Capital Advisors LLC, which boosted its stake by 934%, and Strategic Financial Concepts LLC with an 18,691.3% increase. Overall, hedge funds and institutional investors hold about 44.58% of Invesco QQQ stock.

Invesco QQQ Stock Performance

At the beginning of the trading day on Friday, Invesco QQQ shares opened at $487.43. Over the past year, the stock has exhibited considerable volatility, with a low of $360.30 and a high of $503.52. Currently, the moving averages are positioned at $481.80 for fifty days and $468.80 for 200 days, indicating a steady performance in recent weeks.

Dividend Information

Invesco QQQ has also disclosed a quarterly dividend, which was recently paid on October 31st. Stockholders on record as of September 23rd received a dividend of $0.677, translating to an annualized dividend of $2.71, resulting in a dividend yield of 0.56%. The ex-dividend date was the same as the record date.

Overview of Invesco QQQ

The PowerShares QQQ Trust, Series 1 aims to replicate the performance of the Nasdaq-100 Index, which comprises the largest non-financial companies listed on the Nasdaq stock exchange. The Trust allows investors to acquire units representing a proportional share of the overall portfolio, which contains nearly all of the same securities and weightings as the Nasdaq-100 Index.

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