Central Valley Advisors LLC Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

Central Valley Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 8.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,404 shares of the exchange traded fund’s stock after selling 317 shares during the period. Central Valley Advisors LLC’s holdings in Invesco QQQ were worth $1,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Bridge LLC boosted its position in 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 acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $62,000. Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the fourth quarter worth $73,000. Ritter Daniher Financial Advisory LLC DE grew its position in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the period. Finally, Providence Capital Advisors LLC purchased a new position in Invesco QQQ in the second quarter valued at $76,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7 %

Shares of Invesco QQQ stock opened at $513.08 on Friday. The firm has a 50-day simple moving average of $515.79 and a two-hundred day simple moving average of $491.65. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

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