Signal Advisors Wealth LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Signal Advisors Wealth LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,030 shares of the exchange traded fund’s stock after selling 3,432 shares during the period. Signal Advisors Wealth LLC’s holdings in Invesco QQQ were worth $4,616,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Legacy Bridge LLC raised its position in shares of 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 in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in 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 valued at $71,000 after acquiring an additional 63 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Invesco QQQ during the 2nd quarter valued at $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ during the 3rd quarter worth $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $505.08 on Wednesday. The company has a 50-day moving average of $515.57 and a 200-day moving average of $491.47. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed 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 was Monday, December 23rd.

Invesco QQQ 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.