Invesco QQQ (NASDAQ:QQQ) Shares Sold by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,816 shares of the exchange traded fund’s stock after selling 1,005 shares during the period. Invesco QQQ comprises about 1.7% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 12th biggest holding. Tennessee Valley Asset Management Partners’ holdings in Invesco QQQ were worth $10,131,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. grew its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. Socha Financial Group LLC raised its stake in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in Invesco QQQ in the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its holdings in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

NASDAQ:QQQ opened at $529.63 on Monday. The stock has a 50 day moving average of $517.86 and a 200-day moving average of $493.28. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.