Invesco QQQ (NASDAQ:QQQ) Shares Sold by Chaney Capital Management Inc.

Chaney Capital Management Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,908 shares of the exchange traded fund’s stock after selling 254 shares during the period. Invesco QQQ makes up 6.8% of Chaney Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Chaney Capital Management Inc.’s holdings in Invesco QQQ were worth $14,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the third quarter worth approximately $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ in the fourth quarter worth approximately $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

Shares of Invesco QQQ stock opened at $522.92 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company has a 50 day moving average of $521.26 and a 200 day moving average of $495.57.

Invesco QQQ Dividend Announcement

The company also recently declared 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.

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.