Ridgewood Investments LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Ridgewood Investments LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,740 shares of the exchange traded fund’s stock after selling 69 shares during the period. Invesco QQQ comprises approximately 0.9% of Ridgewood Investments LLC’s holdings, making the stock its 17th biggest holding. Ridgewood Investments LLC’s holdings in Invesco QQQ were worth $1,912,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC increased its stake 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 buying an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ during the 3rd quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE grew its holdings 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 worth $71,000 after acquiring an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in Invesco QQQ during the 2nd quarter worth $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ during the 3rd quarter worth $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock traded down $10.32 during mid-day trading on Friday, hitting $504.95. 21,164,752 shares of the company were exchanged, compared to its average volume of 31,418,357. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The firm has a fifty day simple moving average of $514.52 and a 200 day simple moving average of $490.73.

Invesco QQQ Dividend Announcement

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