D. Scott Neal Inc. Reduces Position in Invesco QQQ (NASDAQ:QQQ)

D. Scott Neal Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,392 shares of the exchange traded fund’s stock after selling 104 shares during the period. Invesco QQQ comprises 15.3% of D. Scott Neal Inc.’s portfolio, making the stock its biggest position. D. Scott Neal Inc.’s holdings in Invesco QQQ were worth $27,807,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the third 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 purchased a new stake in Invesco QQQ during the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE boosted its position in Invesco QQQ by 75.9% during the 3rd 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. Pacifica Partners Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at $73,000. Finally, Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at $76,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $516.67 on Thursday. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15. The business has a fifty day moving average price of $515.57 and a 200 day moving average price of $491.47.

Invesco QQQ Dividend Announcement

The company also recently declared 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.