Invesco QQQ (NASDAQ:QQQ) Shares Sold by Financial Freedom LLC

Financial Freedom LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,654 shares of the exchange traded fund’s stock after selling 363 shares during the quarter. Invesco QQQ makes up about 7.2% of Financial Freedom LLC’s portfolio, making the stock its 2nd biggest holding. Financial Freedom LLC’s holdings in Invesco QQQ were worth $13,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during 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 in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the third quarter valued at about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $69,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at about $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $521.74 on Tuesday. The business has a 50 day moving average price of $515.94 and a two-hundred day moving average price of $492.12. Invesco QQQ has a fifty-two week low of $409.16 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.