LTG Capital LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

LTG Capital LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 955 shares of the exchange traded fund’s stock after selling 30 shares during the period. Invesco QQQ makes up approximately 0.4% of LTG Capital LLC’s holdings, making the stock its 25th largest holding. LTG Capital LLC’s holdings in Invesco QQQ were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QQQ. Stephens Consulting LLC increased its holdings in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Northeast Investment Management boosted its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp increased its stake in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC raised its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the period. Finally, Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

QQQ opened at $538.15 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a 50 day moving average of $522.14 and a 200 day moving average of $497.35.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.