New Wave Wealth Advisors LLC Sells 1,771 Shares of Invesco QQQ (NASDAQ:QQQ)

New Wave Wealth Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,463 shares of the exchange traded fund's stock after selling 1,771 shares during the quarter. Invesco QQQ makes up approximately 3.0% of New Wave Wealth Advisors LLC's investment portfolio, making the stock its 5th largest position. New Wave Wealth Advisors LLC's holdings in Invesco QQQ were worth $7,394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC grew its stake in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the period. Toronto Dominion Bank grew its position in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Cibc World Market Inc. grew its position in Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock worth $350,764,000 after acquiring an additional 324,948 shares during the period. Empirical Asset Management LLC increased its stake in Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund's stock worth $103,720,000 after acquiring an additional 201,597 shares during the last quarter. Finally, Main Management ETF Advisors LLC raised its position in Invesco QQQ by 33.5% in the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund's stock valued at $357,228,000 after purchasing an additional 183,550 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

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

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.

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