FourThought Financial Partners LLC Sells 62 Shares of Invesco QQQ (NASDAQ:QQQ)

FourThought Financial Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% during the fourth quarter, HoldingsChannel reports. The fund owned 10,216 shares of the exchange traded fund’s stock after selling 62 shares during the quarter. FourThought Financial Partners LLC’s holdings in Invesco QQQ were worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in QQQ. Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial bought a new position in shares of Invesco QQQ in the fourth quarter worth $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $42,000. Core Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $8.58 during trading on Friday, reaching $435.48. The company’s stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The firm has a fifty day moving average of $436.53 and a 200 day moving average of $412.18. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 18th.

Invesco QQQ Company 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.