Burford Brothers Inc. Sells 99 Shares of Invesco QQQ (NASDAQ:QQQ)

Burford Brothers Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 420 shares of the exchange traded fund’s stock after selling 99 shares during the period. Burford Brothers Inc.’s holdings in Invesco QQQ were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after buying an additional 324,948 shares in the last quarter. Empirical Asset Management LLC grew its position in shares of Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares during the period. Finally, Main Management ETF Advisors LLC grew its position in shares of Invesco QQQ by 33.5% in the 3rd quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock worth $357,228,000 after buying an additional 183,550 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $522.29 on Monday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The firm has a 50-day moving average of $519.55 and a 200 day moving average of $494.12.

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.

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.