Chesley Taft & Associates LLC Sells 50 Shares of Invesco QQQ (NASDAQ:QQQ)

Chesley Taft & Associates LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,537 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Invesco QQQ were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its holdings 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 acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ during the fourth quarter valued at about $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $73,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.6 %

QQQ opened at $524.80 on Wednesday. The firm has a 50-day moving average price of $516.10 and a 200-day moving average price of $492.33. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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.