SOL Capital Management CO reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,225 shares of the exchange traded fund's stock after selling 6,586 shares during the quarter. Invesco QQQ makes up approximately 2.1% of SOL Capital Management CO's holdings, making the stock its 8th biggest position. SOL Capital Management CO's holdings in Invesco QQQ were worth $19,031,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoese & Co LLP boosted 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 purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the fourth quarter valued at $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
NASDAQ QQQ traded down $0.76 on Friday, hitting $522.29. 38,747,058 shares of the stock were exchanged, compared to its average volume of 30,541,316. The business's fifty 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 Dividend Announcement
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.
Invesco QQQ Profile
(
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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