Ironwood Financial llc Sells 1,615 Shares of Invesco QQQ (NASDAQ:QQQ)

Ironwood Financial llc lowered its position in Invesco QQQ (NASDAQ:QQQ) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,955 shares of the exchange traded fund’s stock after selling 1,615 shares during the period. Invesco QQQ accounts for about 1.0% of Ironwood Financial llc’s holdings, making the stock its 28th biggest position. Ironwood Financial llc’s holdings in Invesco QQQ were worth $4,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Divergent Planning LLC raised its holdings in Invesco QQQ by 2.4% during the fourth quarter. Divergent Planning LLC now owns 1,051 shares of the exchange traded fund’s stock worth $533,000 after buying an additional 25 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of Invesco QQQ by 206.9% during the fourth quarter. Diversify Wealth Management LLC now owns 17,750 shares of the exchange traded fund’s stock worth $9,003,000 after acquiring an additional 11,967 shares in the last quarter. LVW Advisors LLC raised its holdings in shares of Invesco QQQ by 45.0% in the 4th quarter. LVW Advisors LLC now owns 615 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 191 shares during the last quarter. Global Wealth Management LLC lifted its position in Invesco QQQ by 13.8% in the 4th quarter. Global Wealth Management LLC now owns 12,003 shares of the exchange traded fund’s stock valued at $6,136,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Smart Money Group LLC boosted its stake in Invesco QQQ by 0.4% during the 4th quarter. Smart Money Group LLC now owns 61,597 shares of the exchange traded fund’s stock valued at $31,490,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $521.74 on Tuesday. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15. The business has a 50 day moving average price of $515.94 and a 200-day moving average price of $492.12.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.