Invesco QQQ (NASDAQ:QQQ) Shares Sold by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 46,551 shares of the exchange traded fund’s stock after selling 655 shares during the quarter. Invesco QQQ accounts for 10.1% of Lowe Wealth Advisors LLC’s holdings, making the stock its 2nd largest position. Lowe Wealth Advisors LLC’s holdings in Invesco QQQ were worth $23,799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% during the third 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 stake in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the second quarter valued at $76,000. Finally, Ashton Thomas Securities LLC bought a new position in Invesco QQQ in the third quarter worth $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $7.64 on Friday, reaching $507.63. The company’s stock had a trading volume of 39,636,068 shares, compared to its average volume of 34,206,148. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The business has a 50-day moving average price of $514.52 and a 200 day moving average price of $490.73.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.