Brandywine Oak Private Wealth LLC Has $2.59 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Brandywine Oak Private Wealth LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,321 shares of the exchange traded fund’s stock after selling 759 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Invesco QQQ were worth $2,588,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $42,000. Core Wealth Advisors Inc. grew its holdings in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.7 %

Shares of NASDAQ QQQ traded down $3.04 during mid-day trading on Wednesday, reaching $421.55. 11,662,181 shares of the company’s stock traded hands, compared to its average volume of 45,489,293. The business has a 50-day simple moving average of $436.86 and a 200 day simple moving average of $411.54. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 18th.

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.