Mine & Arao Wealth Creation & Management LLC. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,835 shares of the exchange traded fund's stock after selling 3,593 shares during the period. Invesco QQQ comprises approximately 18.5% of Mine & Arao Wealth Creation & Management LLC.'s holdings, making the stock its largest position. Mine & Arao Wealth Creation & Management LLC.'s holdings in Invesco QQQ were worth $40,303,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% during the fourth 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 in the last quarter. Legacy Bridge LLC lifted its stake 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 valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter worth $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the fourth quarter valued at about $73,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ traded down $0.76 during trading hours on Friday, hitting $522.29. 38,747,058 shares of the company were exchanged, compared to its average volume of 30,541,316. The firm's 50 day moving average is $519.55 and its 200-day moving average is $494.13. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.
Invesco QQQ Announces Dividend
The business also recently declared 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 was Monday, December 23rd.
Invesco QQQ Company Profile
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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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