Invesco QQQ (NASDAQ:QQQ) Stake Trimmed by Winch Advisory Services LLC

Winch Advisory Services LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 20.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 27,787 shares of the exchange traded fund’s stock after selling 7,184 shares during the quarter. Invesco QQQ accounts for about 3.7% of Winch Advisory Services LLC’s portfolio, making the stock its 10th largest position. Winch Advisory Services LLC’s holdings in Invesco QQQ were worth $14,205,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ during the third quarter worth approximately $62,000. Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $73,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Invesco QQQ by 75.9% in 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 purchasing an additional 63 shares during the period. Finally, Providence Capital Advisors LLC bought a new position in Invesco QQQ in the second quarter worth approximately $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.7 %

Shares of NASDAQ QQQ opened at $513.08 on Friday. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The business has a fifty day simple moving average of $515.79 and a two-hundred day simple moving average of $491.65.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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.

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.