Goelzer Investment Management Inc. Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Goelzer Investment Management Inc. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,852 shares of the exchange traded fund’s stock after selling 395 shares during the period. Goelzer Investment Management Inc.’s holdings in Invesco QQQ were worth $1,969,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QQQ. 1832 Asset Management L.P. grew its holdings in Invesco QQQ by 1.0% during the 2nd 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 holdings 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 purchasing an additional 9,254 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new stake in Invesco QQQ in the second quarter worth $203,000. The Manufacturers Life Insurance Company raised its stake in Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock valued at $33,772,000 after purchasing an additional 15,648 shares in the last quarter. Finally, Scientech Research LLC bought a new position in Invesco QQQ during the second quarter valued at $1,086,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $529.63 on Friday. The company’s 50-day moving average price is $517.20 and its 200-day moving average price is $493.09. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

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