Invesco QQQ (NASDAQ:QQQ) Stake Lessened by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% during the fourth quarter, HoldingsChannel reports. The fund owned 953 shares of the exchange traded fund’s stock after selling 57 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Invesco QQQ were worth $487,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.3 %

Shares of Invesco QQQ stock opened at $522.92 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The business’s 50 day simple moving average is $521.26 and its 200-day simple moving average is $495.67.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.