Invesco QQQ (NASDAQ:QQQ) Shares Sold by Breakwater Investment Management

Breakwater Investment Management lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 23.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 208 shares of the exchange traded fund’s stock after selling 64 shares during the period. Breakwater Investment Management’s holdings in Invesco QQQ were worth $106,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of Invesco QQQ by 9.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after buying an additional 125 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Invesco QQQ by 35.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,081 shares of the exchange traded fund’s stock valued at $1,476,000 after acquiring an additional 801 shares during the period. 1832 Asset Management L.P. boosted 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 acquiring an additional 25 shares during the period. Commonwealth Financial Services LLC grew its position in Invesco QQQ by 16.7% in the 2nd quarter. Commonwealth Financial Services LLC now owns 54,374 shares of the exchange traded fund’s stock valued at $27,043,000 after acquiring an additional 7,795 shares in the last quarter. Finally, Certified Advisory Corp increased its stake in Invesco QQQ by 5.6% during the second quarter. Certified Advisory Corp now owns 51,550 shares of the exchange traded fund’s stock worth $24,698,000 after purchasing an additional 2,718 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $521.74 on Tuesday. The company’s 50-day simple moving average is $515.94 and its 200-day simple moving average is $492.12. Invesco QQQ has a 1 year low of $409.16 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.