Nikulski Financial Inc. Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Nikulski Financial Inc. lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,762 shares of the exchange traded fund’s stock after selling 1,277 shares during the period. Invesco QQQ comprises about 2.7% of Nikulski Financial Inc.’s portfolio, making the stock its 8th biggest holding. Nikulski Financial Inc.’s holdings in Invesco QQQ were worth $9,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. 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 valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter worth $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the 4th quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $529.63 on Friday. The stock’s 50-day moving average is $517.86 and its 200-day moving average is $493.31. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced 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 of this dividend 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.