Invesco QQQ (NASDAQ:QQQ) Shares Sold by Asset Allocation & Management Company LLC

Asset Allocation & Management Company LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,984 shares of the exchange traded fund’s stock after selling 500 shares during the period. Invesco QQQ makes up about 0.8% of Asset Allocation & Management Company LLC’s holdings, making the stock its 20th largest holding. Asset Allocation & Management Company LLC’s holdings in Invesco QQQ were worth $1,526,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Thomasville National Bank raised its stake in shares of Invesco QQQ by 27.9% in the fourth quarter. Thomasville National Bank now owns 765 shares of the exchange traded fund’s stock valued at $391,000 after acquiring an additional 167 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $6,197,000. Capital Investment Advisors LLC raised its stake in shares of Invesco QQQ by 20.2% in the fourth quarter. Capital Investment Advisors LLC now owns 15,777 shares of the exchange traded fund’s stock valued at $8,066,000 after acquiring an additional 2,655 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in Invesco QQQ by 3.5% in the fourth quarter. Trust Co. of Toledo NA OH now owns 9,670 shares of the exchange traded fund’s stock valued at $4,944,000 after buying an additional 324 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its stake in Invesco QQQ by 9.6% in the fourth quarter. Fiduciary Alliance LLC now owns 14,342 shares of the exchange traded fund’s stock valued at $7,332,000 after buying an additional 1,253 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.2 %

Invesco QQQ stock traded down $6.03 during midday trading on Monday, reaching $501.16. The company’s stock had a trading volume of 15,370,262 shares, compared to its average volume of 31,962,551. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The business has a 50-day simple moving average of $514.92 and a 200-day simple moving average of $491.12.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.