Invesco QQQ (NASDAQ:QQQ) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,736 shares of the exchange traded fund’s stock after selling 300 shares during the period. Invesco QQQ accounts for approximately 0.7% of HCR Wealth Advisors’ investment portfolio, making the stock its 19th biggest position. HCR Wealth Advisors’ holdings in Invesco QQQ were worth $5,489,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QQQ. Northeast Investment Management boosted its stake in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the last quarter. Planning Capital Management Corp raised its position in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the period. Skyline Advisors Inc. boosted its position in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the last quarter. Finally, Madden Advisory Services Inc. boosted its position in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.3 %

Shares of QQQ opened at $516.67 on Thursday. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The stock has a fifty day moving average of $515.57 and a two-hundred day moving average of $491.47.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.