Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by Money Concepts Capital Corp

Money Concepts Capital Corp reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 65,562 shares of the exchange traded fund’s stock after selling 5,630 shares during the quarter. Invesco QQQ comprises approximately 2.5% of Money Concepts Capital Corp’s holdings, making the stock its 7th largest holding. Money Concepts Capital Corp’s holdings in Invesco QQQ were worth $33,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in 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 during the period. Legacy Bridge LLC increased 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 worth $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter valued at about $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the 4th quarter valued at about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $524.47 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business has a 50-day moving average price of $520.08 and a 200 day moving average price of $494.82.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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.