Defined Wealth Management LLC Sells 42 Shares of Invesco QQQ (NASDAQ:QQQ)

Defined Wealth Management LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,912 shares of the exchange traded fund’s stock after selling 42 shares during the period. Invesco QQQ makes up 2.7% of Defined Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Defined Wealth Management LLC’s holdings in Invesco QQQ were worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas acquired a new stake in shares of Invesco QQQ during the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $73,000. Finally, Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the second quarter valued at approximately $76,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.7 %

Invesco QQQ stock opened at $521.74 on Friday. Invesco QQQ has a 52-week low of $409.16 and a 52-week high of $539.15. The company’s 50 day moving average is $515.79 and its two-hundred day moving average is $491.80.

Invesco QQQ Dividend Announcement

The business also recently announced 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.

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.