Verum Partners LLC Sells 445 Shares of Invesco QQQ (NASDAQ:QQQ)

Verum Partners LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 29.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,044 shares of the exchange traded fund’s stock after selling 445 shares during the period. Verum Partners LLC’s holdings in Invesco QQQ were worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Oxinas Partners Wealth Management LLC raised its position in shares of Invesco QQQ by 16.2% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 10,729 shares of the exchange traded fund’s stock valued at $5,485,000 after purchasing an additional 1,493 shares during the period. Commons Capital LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $523,000. Planned Solutions Inc. boosted its stake in Invesco QQQ by 76.9% in the 4th quarter. Planned Solutions Inc. now owns 32,360 shares of the exchange traded fund’s stock valued at $16,543,000 after purchasing an additional 14,071 shares during the period. Signature Resources Capital Management LLC increased its position in Invesco QQQ by 136.6% during the 4th quarter. Signature Resources Capital Management LLC now owns 478 shares of the exchange traded fund’s stock worth $244,000 after buying an additional 276 shares during the period. Finally, Monterey Private Wealth Inc. lifted its holdings in shares of Invesco QQQ by 5.7% during the fourth quarter. Monterey Private Wealth Inc. now owns 14,633 shares of the exchange traded fund’s stock worth $7,481,000 after buying an additional 793 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $524.80 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The company’s 50-day simple moving average is $516.10 and its 200 day simple moving average is $492.33.

Invesco QQQ Announces Dividend

The firm also recently announced 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.

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.