Ridgepath Capital Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,164 shares of the exchange traded fund's stock after selling 11,431 shares during the quarter. Invesco QQQ accounts for about 4.3% of Ridgepath Capital Management LLC's holdings, making the stock its 8th biggest position. Ridgepath Capital Management LLC's holdings in Invesco QQQ were worth $9,286,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC increased its stake in 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 buying an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $73,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $0.76 during mid-day trading on Friday, reaching $522.29. 38,747,058 shares of the company's stock were exchanged, compared to its average volume of 30,541,316. The business's fifty day simple moving average is $519.55 and its 200 day simple 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 announced 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.
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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