Cannon Wealth Management Services LLC Sells 43 Shares of Invesco QQQ (NASDAQ:QQQ)

Cannon Wealth Management Services LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,794 shares of the exchange traded fund’s stock after selling 43 shares during the period. Invesco QQQ makes up about 0.8% of Cannon Wealth Management Services LLC’s investment portfolio, making the stock its 25th largest position. Cannon Wealth Management Services LLC’s holdings in Invesco QQQ were worth $929,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Cibc World Market Inc. grew its holdings in shares of Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares during the last quarter. Bell Bank grew its holdings in shares of Invesco QQQ by 112.7% in the fourth quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after purchasing an additional 201,918 shares during the last quarter. Finally, Empirical Asset Management LLC grew its holdings in shares of Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $526.08 on Monday. The company’s 50-day moving average price is $523.39 and its 200-day moving average price is $501.59. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.