Edge Financial Advisors LLC Sells 80 Shares of Invesco QQQ (NASDAQ:QQQ)

Edge Financial Advisors LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 4,459 shares of the exchange traded fund’s stock after selling 80 shares during the period. Invesco QQQ makes up 2.0% of Edge Financial Advisors LLC’s portfolio, making the stock its 14th largest position. Edge Financial Advisors LLC’s holdings in Invesco QQQ were worth $2,280,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter valued at $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the 4th quarter valued at $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $532.64 on Friday. The stock has a fifty day moving average of $516.72 and a 200-day moving average of $492.81. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 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.