Cherry Creek Investment Advisors Inc. Sells 186 Shares of Invesco QQQ (NASDAQ:QQQ)

Cherry Creek Investment Advisors Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,933 shares of the exchange traded fund’s stock after selling 186 shares during the quarter. Invesco QQQ accounts for 0.7% of Cherry Creek Investment Advisors Inc.’s holdings, making the stock its 29th biggest holding. Cherry Creek Investment Advisors Inc.’s holdings in Invesco QQQ were worth $1,499,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% during 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 last quarter. Legacy Bridge LLC boosted 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 acquiring an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $513.93 on Tuesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company’s 50-day moving average price is $517.86 and its 200-day moving average price is $493.21.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.