Aviance Capital Partners LLC Sells 231 Shares of Invesco QQQ (NASDAQ:QQQ)

Aviance Capital Partners LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,910 shares of the exchange traded fund’s stock after selling 231 shares during the period. Aviance Capital Partners LLC’s holdings in Invesco QQQ were worth $3,021,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC lifted its stake 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 2.8 %

Shares of NASDAQ:QQQ opened at $488.20 on Friday. The stock’s fifty day simple moving average is $519.46 and its two-hundred day simple moving average is $503.75. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The stock has a market cap of $307.69 billion, a PE ratio of 33.43 and a beta of 1.11.

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 given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.