Wealth Alliance Advisory Group LLC Has $450,000 Position in Invesco QQQ (NASDAQ:QQQ)

Wealth Alliance Advisory Group LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 879 shares of the exchange traded fund’s stock after selling 38 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Invesco QQQ were worth $450,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Legacy Bridge LLC raised 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 acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ in the 4th quarter valued at about $69,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in 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 worth $71,000 after purchasing an additional 63 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the fourth quarter worth approximately $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

QQQ opened at $521.74 on Monday. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15. The business has a 50 day moving average of $515.94 and a 200-day moving average of $492.11.

Invesco QQQ Dividend Announcement

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.