Towerpoint Wealth LLC Has $262,000 Position in Invesco QQQ (NASDAQ:QQQ)

Towerpoint Wealth LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 47.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 513 shares of the exchange traded fund’s stock after selling 470 shares during the period. Towerpoint Wealth LLC’s holdings in Invesco QQQ were worth $262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in Invesco QQQ in the 3rd quarter worth approximately $62,000. Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $73,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Invesco QQQ by 75.9% during the 3rd 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 in the last quarter. Finally, Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the second quarter worth $76,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7 %

Shares of NASDAQ:QQQ opened at $513.08 on Friday. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The business has a fifty day simple moving average of $515.79 and a 200 day simple moving average of $491.65.

Invesco QQQ Dividend Announcement

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