Wealth Alliance Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Wealth Alliance cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318 shares of the exchange traded fund’s stock after selling 205 shares during the quarter. Wealth Alliance’s holdings in Invesco QQQ were worth $674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Freedom Day Solutions LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $430,000. SNS Financial Group LLC boosted its stake in shares of Invesco QQQ by 1.7% in the fourth quarter. SNS Financial Group LLC now owns 5,364 shares of the exchange traded fund’s stock valued at $2,742,000 after buying an additional 88 shares in the last quarter. Private Wealth Partners LLC boosted its position in Invesco QQQ by 4.1% during the fourth quarter. Private Wealth Partners LLC now owns 38,227 shares of the exchange traded fund’s stock worth $19,543,000 after purchasing an additional 1,502 shares in the last quarter. Financial Sense Advisors Inc. boosted its position in Invesco QQQ by 233.8% during the fourth quarter. Financial Sense Advisors Inc. now owns 2,400 shares of the exchange traded fund’s stock worth $1,227,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Financial Perspectives Inc boosted its position in Invesco QQQ by 1.7% during the fourth quarter. Financial Perspectives Inc now owns 3,051 shares of the exchange traded fund’s stock worth $1,560,000 after purchasing an additional 50 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.4 %

QQQ opened at $537.23 on Friday. The business’s fifty day moving average is $523.48 and its two-hundred day moving average is $500.07. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.