Retirement Income Solutions Inc Sells 547 Shares of Invesco QQQ (NASDAQ:QQQ)

Retirement Income Solutions Inc trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,628 shares of the exchange traded fund’s stock after selling 547 shares during the period. Invesco QQQ makes up about 1.5% of Retirement Income Solutions Inc’s investment portfolio, making the stock its 9th biggest position. Retirement Income Solutions Inc’s holdings in Invesco QQQ were worth $7,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stephens Consulting LLC raised its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after purchasing an additional 19 shares during the period. Northeast Investment Management increased its holdings in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares during the period. Planning Capital Management Corp boosted its stake in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares in the last quarter. Finally, Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $538.15 on Monday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company’s 50 day moving average price is $522.38 and its 200-day moving average price is $498.14.

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 paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.