Madison Park Capital Advisors LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Madison Park Capital Advisors LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 44.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,544 shares of the exchange traded fund’s stock after selling 4,402 shares during the quarter. Invesco QQQ accounts for about 2.3% of Madison Park Capital Advisors LLC’s portfolio, making the stock its 16th largest position. Madison Park Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $531.51 on Thursday. The business has a 50 day moving average price of $516.33 and a 200 day moving average price of $492.54. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.