Invesco QQQ (NASDAQ:QQQ) Holdings Reduced by Avondale Wealth Management

Avondale Wealth Management decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,301 shares of the exchange traded fund’s stock after selling 266 shares during the quarter. Invesco QQQ makes up 9.9% of Avondale Wealth Management’s holdings, making the stock its 3rd largest position. Avondale Wealth Management’s holdings in Invesco QQQ were worth $15,491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE raised its stake 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 buying an additional 63 shares during the period. Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC purchased a new position in Invesco QQQ during the third quarter valued at $91,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $7.01 during trading hours on Friday, hitting $508.26. 15,030,130 shares of the stock were exchanged, compared to its average volume of 30,268,389. The firm’s fifty day moving average price is $514.52 and its 200 day moving average price is $490.73. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.