BigSur Wealth Management LLC Lowers Stake in Invesco QQQ (NASDAQ:QQQ)

BigSur Wealth Management LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 59.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,635 shares of the exchange traded fund’s stock after selling 5,400 shares during the period. BigSur Wealth Management LLC’s holdings in Invesco QQQ were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $62,000. Brooklyn Investment Group purchased a new position in shares of Invesco QQQ in the fourth quarter worth $69,000. Ritter Daniher Financial Advisory LLC DE boosted its position 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 acquiring an additional 63 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ during the fourth quarter valued at $73,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.7 %

Shares of QQQ stock opened at $521.74 on Tuesday. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15. The stock’s 50-day moving average price is $515.94 and its 200-day moving average price is $492.12.

Invesco QQQ Dividend Announcement

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