Invesco QQQ (NASDAQ:QQQ) is Highline Wealth Partners LLC’s 8th Largest Position

Highline Wealth Partners LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,139 shares of the exchange traded fund’s stock after selling 80 shares during the period. Invesco QQQ comprises 2.9% of Highline Wealth Partners LLC’s investment portfolio, making the stock its 8th largest position. Highline Wealth Partners LLC’s holdings in Invesco QQQ were worth $8,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after acquiring an additional 338,494 shares during the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Invesco QQQ by 1.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,800,000 shares of the exchange traded fund’s stock worth $862,398,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.1 %

Shares of NASDAQ:QQQ traded down $5.44 during midday trading on Friday, reaching $509.83. 26,816,297 shares of the company’s stock traded hands, compared to its average volume of 32,376,025. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15. The stock has a 50 day moving average of $514.52 and a 200 day moving average of $490.73.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.