Invesco QQQ (NASDAQ:QQQ) is Clear Point Advisors Inc.’s 3rd Largest Position

Clear Point Advisors Inc. lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,323 shares of the exchange traded fund’s stock after selling 115 shares during the quarter. Invesco QQQ makes up approximately 4.1% of Clear Point Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Clear Point Advisors Inc.’s holdings in Invesco QQQ were worth $4,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank grew its holdings in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after buying an additional 13,772 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Invesco QQQ by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after buying an additional 2,572 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ opened at $539.37 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.00. The company has a 50 day simple moving average of $523.07 and a two-hundred day simple moving average of $499.53.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.