Liquid Strategies LLC Sells 5,173 Shares of Invesco QQQ (NASDAQ:QQQ)

Liquid Strategies LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 27.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,918 shares of the exchange traded fund’s stock after selling 5,173 shares during the quarter. Invesco QQQ accounts for 1.5% of Liquid Strategies LLC’s investment portfolio, making the stock its 12th largest holding. Liquid Strategies LLC’s holdings in Invesco QQQ were worth $7,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC grew its stake in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new position in shares of Invesco QQQ in the 4th quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its position in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of NASDAQ:QQQ opened at $529.63 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The firm has a fifty day moving average of $517.20 and a 200 day moving average of $493.09.

Invesco QQQ Announces Dividend

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