Precedent Wealth Partners LLC Sells 49 Shares of Invesco QQQ (NASDAQ:QQQ)

Precedent Wealth Partners LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,058 shares of the exchange traded fund’s stock after selling 49 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Invesco QQQ were worth $541,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC lifted its holdings 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 worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter worth $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ in the 4th quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its stake 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 purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Shares of NASDAQ QQQ opened at $529.63 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The firm’s 50-day simple moving average is $517.86 and its 200 day simple moving average is $493.31.

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 given a $0.8347 dividend. 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.