Blue Trust Inc. Has $5.45 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Blue Trust Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 18.0% in the 4th quarter, HoldingsChannel reports. The firm owned 10,669 shares of the exchange traded fund’s stock after selling 2,345 shares during the period. Blue Trust Inc.’s holdings in Invesco QQQ were worth $5,454,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the period. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during 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 stake in Invesco QQQ during the 3rd quarter worth $62,000. Finally, Brooklyn Investment Group bought a new stake in Invesco QQQ during the 4th quarter worth $69,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $538.15 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The stock’s fifty day simple moving average is $522.14 and its 200 day simple moving average is $497.35.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.