Invesco QQQ (NASDAQ:QQQ) Shares Sold by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,186 shares of the exchange traded fund’s stock after selling 54 shares during the quarter. Invesco QQQ comprises 1.3% of Investment Partners Asset Management Inc.’s holdings, making the stock its 19th biggest position. Investment Partners Asset Management Inc.’s holdings in Invesco QQQ were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. SOA Wealth Advisors LLC. boosted its position in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in Invesco QQQ by 2.4% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,678 shares of the exchange traded fund’s stock valued at $1,770,000 after acquiring an additional 86 shares during the period. Prospect Financial Services LLC boosted its holdings in shares of Invesco QQQ by 50.6% in the 3rd quarter. Prospect Financial Services LLC now owns 9,615 shares of the exchange traded fund’s stock valued at $4,693,000 after acquiring an additional 3,230 shares during the last quarter. Client First Capital LLC boosted its holdings in shares of Invesco QQQ by 0.6% in the 3rd quarter. Client First Capital LLC now owns 61,099 shares of the exchange traded fund’s stock valued at $29,821,000 after acquiring an additional 340 shares during the last quarter. Finally, PFG Advisors increased its stake in shares of Invesco QQQ by 3.6% in the third quarter. PFG Advisors now owns 83,721 shares of the exchange traded fund’s stock worth $40,862,000 after acquiring an additional 2,879 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $528.30 on Thursday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The company has a fifty day moving average of $521.86 and a 200 day moving average of $497.08.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date 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.