Worth Asset Management LLC Has $1.19 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Worth Asset Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 34.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,322 shares of the exchange traded fund’s stock after selling 1,218 shares during the period. Worth Asset Management LLC’s holdings in Invesco QQQ were worth $1,187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% during 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 in the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ during the third quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% in the third 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. Providence Capital Advisors LLC acquired a new stake in Invesco QQQ in the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ traded down $1.98 during trading hours on Wednesday, reaching $513.20. The stock had a trading volume of 15,147,898 shares, compared to its average volume of 30,507,750. The firm has a 50-day simple moving average of $513.51 and a 200 day simple moving average of $490.39. Invesco QQQ has a 12 month low of $401.71 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, December 23rd.

Invesco QQQ 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.