Calton & Associates Inc. Has $12.78 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Calton & Associates Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,990 shares of the exchange traded fund's stock after selling 3,905 shares during the period. Invesco QQQ comprises 5.6% of Calton & Associates Inc.'s holdings, making the stock its 2nd largest holding. Calton & Associates Inc.'s holdings in Invesco QQQ were worth $12,775,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Northeast Investment Management boosted its holdings in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock valued at $1,697,000 after purchasing an additional 20 shares during the last quarter. Planning Capital Management Corp lifted its position in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock worth $146,000 after buying an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after buying an additional 20 shares during the last quarter. Hoese & Co LLP grew its holdings in 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 buying an additional 20 shares in the last quarter. Finally, Skyline Advisors Inc. increased its stake in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock worth $215,000 after acquiring an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of NASDAQ QQQ traded down $0.76 during midday trading on Friday, reaching $522.29. 38,747,058 shares of the stock traded hands, compared to its average volume of 30,541,316. The company's 50 day moving average is $519.55 and its 200 day moving average is $494.13. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.