Hengehold Capital Management LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Hengehold Capital Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,929 shares of the exchange traded fund’s stock after selling 165 shares during the period. Hengehold Capital Management LLC’s holdings in Invesco QQQ were worth $986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Cerro Pacific Wealth Advisors LLC boosted its position in Invesco QQQ by 13.9% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 35,610 shares of the exchange traded fund’s stock worth $17,380,000 after purchasing an additional 4,349 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in shares of Invesco QQQ by 4.3% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 8,265 shares of the exchange traded fund’s stock worth $4,226,000 after purchasing an additional 343 shares during the period. Seros Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $13,649,000. Marks Wealth LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $27,064,000. Finally, Private Wealth Group LLC grew its position in Invesco QQQ by 8.5% during the fourth quarter. Private Wealth Group LLC now owns 5,252 shares of the exchange traded fund’s stock valued at $2,685,000 after buying an additional 411 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $532.64 on Friday. The firm has a 50 day moving average price of $516.72 and a 200-day moving average price of $492.81. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The company 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 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.