Sonata Capital Group Inc. Sells 58 Shares of Invesco QQQ (NASDAQ:QQQ)

Sonata Capital Group Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,955 shares of the exchange traded fund’s stock after selling 58 shares during the period. Sonata Capital Group Inc.’s holdings in Invesco QQQ were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. David Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $631,000. Schear Investment Advisers LLC grew its position in shares of Invesco QQQ by 201.5% in the 4th quarter. Schear Investment Advisers LLC now owns 21,247 shares of the exchange traded fund’s stock valued at $10,862,000 after buying an additional 14,200 shares during the last quarter. Ridgeline Wealth Planning LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $4,871,000. Leavell Investment Management Inc. raised its position in shares of Invesco QQQ by 3.3% during the fourth quarter. Leavell Investment Management Inc. now owns 19,754 shares of the exchange traded fund’s stock worth $10,099,000 after acquiring an additional 636 shares during the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth approximately $9,699,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

QQQ opened at $527.99 on Wednesday. The company has a fifty day moving average of $521.54 and a 200-day moving average of $496.40. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

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