PFS Partners LLC Sells 50 Shares of Invesco QQQ (NASDAQ:QQQ)

PFS Partners LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,426 shares of the exchange traded fund’s stock after selling 50 shares during the period. Invesco QQQ makes up 0.4% of PFS Partners LLC’s portfolio, making the stock its 24th biggest position. PFS Partners LLC’s holdings in Invesco QQQ were worth $729,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas acquired a new position in shares of Invesco QQQ during the third quarter valued at $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the fourth quarter valued at about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $518.11 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business has a 50-day moving average price of $519.55 and a two-hundred day moving average price of $494.20.

Invesco QQQ Dividend Announcement

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