Christensen King & Associates Investment Services Inc. Sells 152 Shares of Invesco QQQ (NASDAQ:QQQ)

Christensen King & Associates Investment Services Inc. cut its position in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,263 shares of the exchange traded fund’s stock after selling 152 shares during the quarter. Invesco QQQ makes up approximately 1.3% of Christensen King & Associates Investment Services Inc.’s investment portfolio, making the stock its 21st largest holding. Christensen King & Associates Investment Services Inc.’s holdings in Invesco QQQ were worth $2,789,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legacy Bridge LLC grew its position in 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 acquiring an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the third quarter valued at about $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $505.56 on Tuesday. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15. The firm has a 50-day moving average of $515.32 and a 200-day moving average of $491.29.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.