Wealth Alliance Lowers Stake in Invesco QQQ (NASDAQ:QQQ)

Wealth Alliance trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,318 shares of the exchange traded fund’s stock after selling 205 shares during the period. Wealth Alliance’s holdings in Invesco QQQ were worth $674,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SOA Wealth Advisors LLC. grew its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $222,000. Plan Group Financial LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $220,000. Chris Bulman Inc grew its stake in shares of Invesco QQQ by 25.2% in the 3rd quarter. Chris Bulman Inc now owns 11,831 shares of the exchange traded fund’s stock valued at $5,774,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Rye Brook Capital LLC grew its stake in shares of Invesco QQQ by 17.1% in the 3rd quarter. Rye Brook Capital LLC now owns 20,500 shares of the exchange traded fund’s stock valued at $10,005,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Shares of QQQ stock opened at $537.23 on Friday. The business’s 50 day moving average is $523.48 and its two-hundred day moving average is $500.07. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.