Vivid Wealth Management LLC Sells 448 Shares of Invesco QQQ (NASDAQ:QQQ)

Vivid Wealth Management LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,425 shares of the exchange traded fund’s stock after selling 448 shares during the quarter. Invesco QQQ accounts for 9.7% of Vivid Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Vivid Wealth Management LLC’s holdings in Invesco QQQ were worth $19,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP grew its position 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 purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. Finally, BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $62,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

Shares of NASDAQ QQQ opened at $538.15 on Friday. The company’s 50-day simple moving average is $522.14 and its 200-day simple moving average is $497.35. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders 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.