Invesco QQQ (NASDAQ:QQQ) is Sachetta LLC’s 2nd Largest Position

Sachetta LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,951 shares of the exchange traded fund’s stock after selling 702 shares during the quarter. Invesco QQQ comprises approximately 9.5% of Sachetta LLC’s portfolio, making the stock its 2nd largest holding. Sachetta LLC’s holdings in Invesco QQQ were worth $24,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC raised its position in shares of 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 buying an additional 45 shares during the period. BNP Paribas acquired a new position in Invesco QQQ in the third quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $69,000. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ in the fourth quarter worth approximately $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.6 %

Shares of Invesco QQQ stock opened at $529.63 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The business’s fifty day simple moving average is $517.20 and its 200-day simple moving average is $493.09.

Invesco QQQ Dividend Announcement

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