Kades & Cheifetz LLC Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Kades & Cheifetz LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 4.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,359 shares of the exchange traded fund’s stock after selling 121 shares during the period. Kades & Cheifetz LLC’s holdings in Invesco QQQ were worth $1,206,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northeast Investment Management grew its position in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares during the period. Planning Capital Management Corp grew its holdings in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the period. Skyline Advisors Inc. raised its position in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the last quarter. Madden Advisory Services Inc. lifted its stake in shares of Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the period. Finally, Meridian Management Co. boosted its position in shares of Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

NASDAQ QQQ traded down $2.73 on Monday, reaching $504.46. The company had a trading volume of 22,871,693 shares, compared to its average volume of 33,098,848. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The stock’s 50 day moving average is $514.92 and its 200-day moving average is $491.12.

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 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.