Invesco QQQ (NASDAQ:QQQ) Shares Sold by Modus Advisors LLC

Modus Advisors LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 11,602 shares of the exchange traded fund’s stock after selling 363 shares during the quarter. Invesco QQQ makes up approximately 1.9% of Modus Advisors LLC’s holdings, making the stock its 16th largest holding. Modus Advisors LLC’s holdings in Invesco QQQ were worth $5,931,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new position in Invesco QQQ in the 3rd quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE grew its position in 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 purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at $76,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Invesco QQQ in the third quarter worth $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6 %

NASDAQ:QQQ traded up $3.11 during trading hours on Friday, hitting $513.34. 7,168,753 shares of the company’s stock traded hands, compared to its average volume of 20,564,809. Invesco QQQ has a twelve month low of $395.34 and a twelve month high of $539.15. The stock’s fifty day moving average price is $512.17 and its two-hundred day moving average price is $489.54.

Invesco QQQ Announces Dividend

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