Invesco QQQ (NASDAQ:QQQ) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,508 shares of the exchange traded fund's stock after selling 929 shares during the quarter. Invesco QQQ makes up about 1.3% of Institute for Wealth Management LLC.'s holdings, making the stock its 9th largest position. Institute for Wealth Management LLC.'s holdings in Invesco QQQ were worth $10,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Integris Wealth Management LLC raised its stake in Invesco QQQ by 16.1% in the 4th quarter. Integris Wealth Management LLC now owns 569 shares of the exchange traded fund's stock valued at $291,000 after purchasing an additional 79 shares during the last quarter. AA Financial Advisors LLC raised its stake in Invesco QQQ by 1.1% in the 4th quarter. AA Financial Advisors LLC now owns 3,378 shares of the exchange traded fund's stock valued at $1,727,000 after purchasing an additional 36 shares during the last quarter. CMG Global Holdings LLC raised its stake in Invesco QQQ by 0.5% in the 4th quarter. CMG Global Holdings LLC now owns 13,742 shares of the exchange traded fund's stock valued at $7,304,000 after purchasing an additional 63 shares during the last quarter. Evernest Financial Advisors LLC raised its stake in Invesco QQQ by 3.4% in the 4th quarter. Evernest Financial Advisors LLC now owns 2,954 shares of the exchange traded fund's stock valued at $1,510,000 after purchasing an additional 98 shares during the last quarter. Finally, Granite Harbor Advisors Inc. raised its stake in Invesco QQQ by 7.3% in the 4th quarter. Granite Harbor Advisors Inc. now owns 32,470 shares of the exchange traded fund's stock valued at $16,599,000 after purchasing an additional 2,223 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $522.29 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The firm has a 50-day moving average price of $519.22 and a 200 day moving average price of $493.95.

Invesco QQQ Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.