L. Roy Papp & Associates LLP Cuts Position in Invesco QQQ (NASDAQ:QQQ)

L. Roy Papp & Associates LLP trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 402 shares of the exchange traded fund’s stock after selling 80 shares during the period. L. Roy Papp & Associates LLP’s holdings in Invesco QQQ were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. raised its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the period. ORG Wealth Partners LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $181,000. Stablepoint Partners LLC raised its stake in shares of Invesco QQQ by 95.7% during the third quarter. Stablepoint Partners LLC now owns 1,832 shares of the exchange traded fund’s stock valued at $894,000 after purchasing an additional 896 shares during the period. Empirical Asset Management LLC grew its holdings in Invesco QQQ by 7.3% during the 3rd quarter. Empirical Asset Management LLC now owns 1,286 shares of the exchange traded fund’s stock valued at $628,000 after purchasing an additional 87 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in Invesco QQQ by 16.9% during the 3rd quarter. Grove Bank & Trust now owns 782 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 113 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $527.99 on Wednesday. The firm has a 50-day moving average of $521.54 and a two-hundred day moving average of $496.40. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.