Grimes & Company Inc. Has $3.06 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Grimes & Company Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,977 shares of the exchange traded fund’s stock after selling 363 shares during the quarter. Grimes & Company Inc.’s holdings in Invesco QQQ were worth $3,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cyndeo Wealth Partners LLC grew its position in shares of Invesco QQQ by 16.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,357 shares of the exchange traded fund’s stock valued at $1,716,000 after purchasing an additional 476 shares during the last quarter. Accel Wealth Management grew its position in shares of Invesco QQQ by 2.8% in the fourth quarter. Accel Wealth Management now owns 9,035 shares of the exchange traded fund’s stock valued at $4,619,000 after purchasing an additional 248 shares during the last quarter. Chemung Canal Trust Co. grew its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Chemung Canal Trust Co. now owns 15,867 shares of the exchange traded fund’s stock valued at $8,112,000 after purchasing an additional 45 shares during the last quarter. Firethorn Wealth Partners LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $257,000. Finally, McGuire Investment Group LLC grew its position in shares of Invesco QQQ by 0.8% in the fourth quarter. McGuire Investment Group LLC now owns 10,733 shares of the exchange traded fund’s stock valued at $5,487,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Invesco QQQ stock opened at $529.63 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock’s 50 day moving average is $517.86 and its 200-day moving average is $493.31.

Invesco QQQ Announces Dividend

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