Invesco QQQ (NASDAQ:QQQ) Shares Sold by Red Door Wealth Management LLC

Red Door Wealth Management LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,225 shares of the exchange traded fund’s stock after selling 575 shares during the period. Red Door Wealth Management LLC’s holdings in Invesco QQQ were worth $1,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Private Wealth Group LLC lifted its position in Invesco QQQ by 8.5% during the fourth quarter. Private Wealth Group LLC now owns 5,252 shares of the exchange traded fund’s stock worth $2,685,000 after buying an additional 411 shares during the period. Arkansas Financial Group Inc. lifted its holdings in shares of Invesco QQQ by 34.8% during the 4th quarter. Arkansas Financial Group Inc. now owns 50,674 shares of the exchange traded fund’s stock worth $25,906,000 after acquiring an additional 13,093 shares during the period. Madrona Financial Services LLC lifted its holdings in shares of Invesco QQQ by 17.8% during the 4th quarter. Madrona Financial Services LLC now owns 75,751 shares of the exchange traded fund’s stock worth $38,726,000 after acquiring an additional 11,434 shares during the period. Baron Silver Stevens Financial Advisors LLC boosted its position in shares of Invesco QQQ by 28.1% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,182 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 259 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in Invesco QQQ by 30.3% in the fourth quarter. Avior Wealth Management LLC now owns 19,484 shares of the exchange traded fund’s stock valued at $9,961,000 after purchasing an additional 4,535 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ stock opened at $532.64 on Friday. The company has a 50 day moving average price of $516.72 and a 200 day moving average price of $492.81. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

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