Cassaday & Co Wealth Management LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,575 shares of the exchange traded fund's stock after selling 1,004 shares during the quarter. Invesco QQQ comprises 0.5% of Cassaday & Co Wealth Management LLC's portfolio, making the stock its 21st largest holding. Cassaday & Co Wealth Management LLC's holdings in Invesco QQQ were worth $18,187,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. PayPay Securities Corp lifted its stake 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 during the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP lifted its position in shares of 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 acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth $62,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Down 2.1 %
Shares of Invesco QQQ stock traded down $11.15 on Friday, reaching $526.08. 46,971,894 shares of the company were exchanged, compared to its average volume of 30,570,080. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock has a fifty day moving average price of $523.48 and a 200-day moving average price of $500.07.
Invesco QQQ Announces Dividend
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
About Invesco QQQ
(
Free Report)
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.
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