Dearborn Partners LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

Dearborn Partners LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,391 shares of the exchange traded fund’s stock after selling 32 shares during the period. Dearborn Partners LLC’s holdings in Invesco QQQ were worth $1,734,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during 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 in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 3.9 %

NASDAQ QQQ opened at $472.73 on Tuesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $297.94 billion, a PE ratio of 33.43 and a beta of 1.11. The stock’s 50 day moving average is $517.98 and its 200 day moving average is $504.13.

Invesco QQQ Dividend Announcement

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