Invesco QQQ (NASDAQ:QQQ) Stake Lowered by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,332 shares of the exchange traded fund’s stock after selling 1,730 shares during the quarter. Invesco QQQ makes up 1.3% of Transcend Capital Advisors LLC’s holdings, making the stock its 10th largest holding. Transcend Capital Advisors LLC’s holdings in Invesco QQQ were worth $18,063,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QQQ. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in the 4th 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 raised 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 worth $59,000 after buying an additional 45 shares during the last quarter. Finally, Creative Capital Management Investments LLC raised its position in Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 111 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Shares of QQQ stock opened at $537.23 on Friday. The company has a 50 day moving average price of $523.48 and a 200-day moving average price of $500.07. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

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 paid 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.