Brady Family Wealth LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Brady Family Wealth LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,087 shares of the exchange traded fund’s stock after selling 80 shares during the period. Brady Family Wealth LLC’s holdings in Invesco QQQ were worth $556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Bridge LLC raised its holdings in shares of 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 acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% during the 3rd 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 during the period. Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $73,000. Finally, Providence Capital Advisors LLC purchased a new stake in Invesco QQQ in the second quarter valued at approximately $76,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.7 %

Shares of QQQ stock opened at $513.08 on Friday. The company has a 50 day moving average price of $515.79 and a 200 day moving average price of $491.65. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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