Holland Advisory Services Inc. Sells 106 Shares of Invesco QQQ (NASDAQ:QQQ)

Holland Advisory Services Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 975 shares of the exchange traded fund’s stock after selling 106 shares during the quarter. Invesco QQQ accounts for about 0.7% of Holland Advisory Services Inc.’s holdings, making the stock its 19th biggest position. Holland Advisory Services Inc.’s holdings in Invesco QQQ were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. TrueWealth Advisors LLC raised its position in shares of Invesco QQQ by 7.1% in the fourth quarter. TrueWealth Advisors LLC now owns 19,899 shares of the exchange traded fund’s stock valued at $10,173,000 after purchasing an additional 1,323 shares during the period. Arthur M. Cohen & Associates LLC raised its holdings in Invesco QQQ by 1.0% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 10,394 shares of the exchange traded fund’s stock valued at $5,314,000 after acquiring an additional 102 shares during the period. LongView Wealth Management lifted its position in Invesco QQQ by 4.4% during the fourth quarter. LongView Wealth Management now owns 10,960 shares of the exchange traded fund’s stock worth $5,603,000 after acquiring an additional 463 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $69,000. Finally, Sax Wealth Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $6,316,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.7 %

Shares of NASDAQ QQQ opened at $521.74 on Friday. The business’s 50 day moving average is $515.94 and its 200-day moving average is $492.08. Invesco QQQ has a 1-year low of $409.16 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

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

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.