Bartlett & CO. Wealth Management LLC Sells 184 Shares of Invesco QQQ (NASDAQ:QQQ)

Bartlett & CO. Wealth Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,770 shares of the exchange traded fund’s stock after selling 184 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Invesco QQQ were worth $1,927,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% in the 3rd 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 in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

QQQ opened at $532.64 on Friday. The firm’s 50-day simple moving average is $516.72 and its 200-day simple moving average is $492.81. Invesco QQQ has a twelve month low of $413.07 and a twelve month 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 paid a dividend of $0.8347 per share. 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.