Means Investment CO. Inc. Sells 94 Shares of Invesco QQQ (NASDAQ:QQQ)

Means Investment CO. Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,343 shares of the exchange traded fund’s stock after selling 94 shares during the quarter. Means Investment CO. Inc.’s holdings in Invesco QQQ were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FSM Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 15.7% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,240 shares of the exchange traded fund’s stock worth $2,176,000 after purchasing an additional 576 shares in the last quarter. KPP Advisory Services LLC raised its position in Invesco QQQ by 4.2% during the 4th quarter. KPP Advisory Services LLC now owns 42,479 shares of the exchange traded fund’s stock worth $21,717,000 after purchasing an additional 1,712 shares during the last quarter. Baskin Financial Services Inc. boosted its holdings in Invesco QQQ by 11.9% in the fourth quarter. Baskin Financial Services Inc. now owns 1,097 shares of the exchange traded fund’s stock valued at $561,000 after acquiring an additional 117 shares during the last quarter. Red Tortoise LLC increased its position in shares of Invesco QQQ by 47.1% during the fourth quarter. Red Tortoise LLC now owns 153 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 49 shares during the period. Finally, Cook Wealth LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $224,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $522.29 on Monday. The firm has a fifty day simple moving average of $519.55 and a two-hundred day simple moving average of $494.12. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

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.