Blue Trust Inc. Sells 2,345 Shares of Invesco QQQ (NASDAQ:QQQ)

Blue Trust Inc. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,669 shares of the exchange traded fund’s stock after selling 2,345 shares during the period. Blue Trust Inc.’s holdings in Invesco QQQ were worth $5,454,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its holdings in shares of 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 acquiring an additional 45 shares in the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Finally, Brooklyn Investment Group acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $69,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $538.15 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business’s 50 day simple moving average is $522.14 and its 200-day simple moving average is $497.35.

Invesco QQQ Announces Dividend

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