Trinity Financial Advisors LLC Sells 33 Shares of Invesco QQQ (NASDAQ:QQQ)

Trinity Financial Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 756 shares of the exchange traded fund’s stock after selling 33 shares during the period. Trinity Financial Advisors LLC’s holdings in Invesco QQQ were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of 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 valued at $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new position in Invesco QQQ in the 3rd quarter worth approximately $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.5 %

Shares of NASDAQ:QQQ traded down $7.64 during trading on Friday, hitting $507.63. 39,636,068 shares of the company’s stock were exchanged, compared to its average volume of 34,206,148. The firm has a 50-day moving average price of $514.52 and a two-hundred day moving average price of $490.73. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

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