Platt Investment Counsel LLC Sells 6,164 Shares of Invesco QQQ (NASDAQ:QQQ)

Platt Investment Counsel LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,982 shares of the exchange traded fund’s stock after selling 6,164 shares during the period. Invesco QQQ makes up about 19.0% of Platt Investment Counsel LLC’s holdings, making the stock its 2nd biggest holding. Platt Investment Counsel LLC’s holdings in Invesco QQQ were worth $19,929,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Invesco QQQ by 9.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after acquiring an additional 125 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Invesco QQQ by 10.3% during the second quarter. Benjamin Edwards Inc. now owns 740 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 69 shares in the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of Invesco QQQ in the second quarter worth about $388,000. King Luther Capital Management Corp grew its stake in shares of Invesco QQQ by 2.1% in the second quarter. King Luther Capital Management Corp now owns 8,372 shares of the exchange traded fund’s stock valued at $4,011,000 after buying an additional 172 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Invesco QQQ by 101.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 208,255 shares of the exchange traded fund’s stock worth $99,778,000 after acquiring an additional 104,797 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $521.74 on Monday. The company’s fifty day simple moving average is $515.94 and its 200-day simple moving average is $492.11. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently declared 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 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.