Red Door Wealth Management LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Red Door Wealth Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,225 shares of the exchange traded fund’s stock after selling 575 shares during the quarter. Red Door Wealth Management LLC’s holdings in Invesco QQQ were worth $1,649,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC increased its holdings in Invesco QQQ by 9.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after purchasing an additional 125 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Invesco QQQ by 1.0% in the second quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock valued at $1,173,000 after buying an additional 25 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after buying an additional 9,254 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after buying an additional 338,494 shares during the period. Finally, Drucker Wealth 3.0 LLC acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $203,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ:QQQ opened at $532.64 on Friday. The company has a 50 day moving average of $516.72 and a two-hundred day moving average of $492.81. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

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

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.