Appleton Partners Inc. MA Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Appleton Partners Inc. MA lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,488 shares of the exchange traded fund’s stock after selling 71 shares during the quarter. Appleton Partners Inc. MA’s holdings in Invesco QQQ were worth $1,272,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Sanibel Captiva Trust Company Inc. boosted its position in shares of Invesco QQQ by 11.2% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock worth $2,676,000 after buying an additional 553 shares during the period. Patten Group Inc. boosted its holdings in Invesco QQQ by 3.3% in the 3rd quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after acquiring an additional 49 shares during the period. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Invesco QQQ by 14.6% during the third quarter. UMB Bank n.a. now owns 4,106 shares of the exchange traded fund’s stock valued at $2,004,000 after purchasing an additional 523 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Invesco QQQ during the third quarter worth $4,385,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

QQQ opened at $522.92 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company has a fifty day simple moving average of $521.00 and a 200 day simple moving average of $495.29.

Invesco QQQ Announces Dividend

The firm also recently announced 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.

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.