Invesco QQQ (NASDAQ:QQQ) Shares Sold by Financial Partners Group LLC

Financial Partners Group LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,992 shares of the exchange traded fund’s stock after selling 128 shares during the quarter. Financial Partners Group LLC’s holdings in Invesco QQQ were worth $1,018,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in 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 during the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ:QQQ opened at $532.64 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock has a 50-day simple moving average of $516.72 and a 200-day simple moving average of $492.81.

Invesco QQQ Announces Dividend

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