Sagace Wealth Management LLC Lowers Position in Invesco QQQ (NASDAQ:QQQ)

Sagace Wealth Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,746 shares of the exchange traded fund’s stock after selling 295 shares during the period. Sagace Wealth Management LLC’s holdings in Invesco QQQ were worth $1,404,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the third quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $73,000. Finally, Providence Capital Advisors LLC purchased a new position in Invesco QQQ in the 2nd quarter worth approximately $76,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.3 %

Shares of NASDAQ:QQQ opened at $516.67 on Thursday. The company has a 50 day moving average of $515.57 and a two-hundred day moving average of $491.47. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.