Zimmermann Investment Management & Planning LLC Sells 52,872 Shares of Invesco QQQ (NASDAQ:QQQ)

Zimmermann Investment Management & Planning LLC lessened its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 98.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 996 shares of the exchange traded fund's stock after selling 52,872 shares during the quarter. Invesco QQQ comprises about 22.4% of Zimmermann Investment Management & Planning LLC's investment portfolio, making the stock its biggest position. Zimmermann Investment Management & Planning LLC's holdings in Invesco QQQ were worth $509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Hoese & Co LLP grew its stake 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 worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC boosted its holdings 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 purchasing an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ in the 3rd quarter worth $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ during the 4th quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock valued at $71,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ 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 simple moving average of $519.22 and a 200 day simple moving average of $493.95.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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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