Bryn Mawr Capital Management LLC Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Bryn Mawr Capital Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,787 shares of the exchange traded fund’s stock after selling 1,643 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Invesco QQQ were worth $5,515,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP increased its stake 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 period. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Finally, Creative Capital Management Investments LLC boosted its stake in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $539.52 on Thursday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company’s 50 day moving average price is $523.26 and its 200-day moving average price is $499.81.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend 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.