BBR Partners LLC Sells 1,451 Shares of Invesco QQQ (NASDAQ:QQQ)

BBR Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,300 shares of the exchange traded fund's stock after selling 1,451 shares during the quarter. BBR Partners LLC's holdings in Invesco QQQ were worth $1,687,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its position in Invesco QQQ by 2.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,109 shares of the exchange traded fund's stock valued at $3,634,000 after acquiring an additional 137 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Invesco QQQ by 0.7% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,815 shares of the exchange traded fund's stock valued at $5,018,000 after purchasing an additional 66 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in Invesco QQQ by 4.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 36,011 shares of the exchange traded fund's stock worth $18,410,000 after purchasing an additional 1,454 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its position in Invesco QQQ by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 6,590 shares of the exchange traded fund's stock worth $3,369,000 after purchasing an additional 25 shares in the last quarter. Finally, Elevation Capital Advisory LLC lifted its stake in shares of Invesco QQQ by 149.8% in the 4th quarter. Elevation Capital Advisory LLC now owns 30,455 shares of the exchange traded fund's stock valued at $15,570,000 after acquiring an additional 18,262 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $3.59 during mid-day trading on Friday, hitting $491.79. 54,649,747 shares of the stock traded hands, compared to its average volume of 34,845,187. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a 50 day simple moving average of $518.84 and a two-hundred day simple moving average of $504.14. The company has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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