Invesco QQQ (NASDAQ:QQQ) is Cedar Mountain Advisors LLC’s 7th Largest Position

Cedar Mountain Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,796 shares of the exchange traded fund’s stock after selling 75 shares during the period. Invesco QQQ makes up about 4.7% of Cedar Mountain Advisors LLC’s portfolio, making the stock its 7th largest holding. Cedar Mountain Advisors LLC’s holdings in Invesco QQQ were worth $21,368,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of QQQ. Hoese & Co LLP increased its stake 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 in the last quarter. Legacy Bridge LLC raised its holdings in shares of 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 acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $529.63 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business has a fifty day moving average price of $517.86 and a 200 day moving average price of $493.31.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given 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.