Lantz Financial LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Lantz Financial LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 746 shares of the exchange traded fund’s stock after selling 27 shares during the quarter. Lantz Financial LLC’s holdings in Invesco QQQ were worth $381,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cyndeo Wealth Partners LLC lifted its holdings in Invesco QQQ by 16.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,357 shares of the exchange traded fund’s stock valued at $1,716,000 after purchasing an additional 476 shares in the last quarter. Accel Wealth Management lifted its holdings in Invesco QQQ by 2.8% during the fourth quarter. Accel Wealth Management now owns 9,035 shares of the exchange traded fund’s stock valued at $4,619,000 after purchasing an additional 248 shares in the last quarter. Chemung Canal Trust Co. lifted its holdings in Invesco QQQ by 0.3% during the fourth quarter. Chemung Canal Trust Co. now owns 15,867 shares of the exchange traded fund’s stock valued at $8,112,000 after purchasing an additional 45 shares in the last quarter. Firethorn Wealth Partners LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $257,000. Finally, McGuire Investment Group LLC raised its position in shares of Invesco QQQ by 0.8% in the fourth quarter. McGuire Investment Group LLC now owns 10,733 shares of the exchange traded fund’s stock valued at $5,487,000 after buying an additional 87 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6 %

Shares of NASDAQ QQQ opened at $529.63 on Friday. The firm has a 50-day simple moving average of $517.86 and a 200-day simple moving average of $493.31. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.