Invesco QQQ (NASDAQ:QQQ) is Adaptive Financial Consulting LLC’s 6th Largest Position

Adaptive Financial Consulting LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,778 shares of the exchange traded fund’s stock after selling 168 shares during the quarter. Invesco QQQ makes up 6.3% of Adaptive Financial Consulting LLC’s investment portfolio, making the stock its 6th largest position. Adaptive Financial Consulting LLC’s holdings in Invesco QQQ were worth $15,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. SOA Wealth Advisors LLC. grew its holdings 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 purchasing an additional 46 shares during the period. Tectonic Advisors LLC purchased a new stake in Invesco QQQ in the third quarter valued at approximately $372,000. Heritage Oak Wealth Advisors LLC purchased a new stake in Invesco QQQ in the third quarter valued at approximately $7,923,000. Canal Capital Management LLC grew its holdings in Invesco QQQ by 13.7% in the third quarter. Canal Capital Management LLC now owns 18,542 shares of the exchange traded fund’s stock valued at $9,050,000 after purchasing an additional 2,230 shares during the period. Finally, HWG Holdings LP grew its holdings in Invesco QQQ by 37.0% in the third quarter. HWG Holdings LP now owns 33,769 shares of the exchange traded fund’s stock valued at $16,482,000 after purchasing an additional 9,128 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $526.08 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a 50 day moving average price of $523.39 and a 200 day moving average price of $501.12.

Invesco QQQ Dividend Announcement

The business also recently announced 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.

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.