Albion Financial Group UT Reduces Stake in Invesco QQQ (NASDAQ:QQQ)

Albion Financial Group UT cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,311 shares of the exchange traded fund’s stock after selling 1,261 shares during the period. Albion Financial Group UT’s holdings in Invesco QQQ were worth $10,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of QQQ. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter worth approximately $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $73,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.3 %

Shares of Invesco QQQ stock opened at $531.51 on Thursday. The stock’s fifty day moving average is $516.33 and its two-hundred day moving average is $492.54. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.