Invesco QQQ (NASDAQ:QQQ) Shares Sold by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,008 shares of the exchange traded fund’s stock after selling 195 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Invesco QQQ were worth $515,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. boosted its stake 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 acquiring an additional 46 shares in the last quarter. Tectonic Advisors LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $372,000. Pettinga Financial Advisors LLC grew its stake in Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares during the last quarter. Arkadios Wealth Advisors increased its position in Invesco QQQ by 16.8% during the third quarter. Arkadios Wealth Advisors now owns 49,052 shares of the exchange traded fund’s stock worth $23,941,000 after buying an additional 7,069 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its stake in Invesco QQQ by 80.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 7,738 shares of the exchange traded fund’s stock valued at $3,776,000 after buying an additional 3,440 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $526.08 on Monday. The business has a 50 day simple moving average of $523.39 and a 200-day simple moving average of $501.59. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.