Sugarloaf Wealth Management LLC Sells 43 Shares of Invesco QQQ (NASDAQ:QQQ)

Sugarloaf Wealth Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,888 shares of the exchange traded fund’s stock after selling 43 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Invesco QQQ were worth $3,010,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of QQQ. Legacy Bridge LLC increased 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 valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. Providence Capital Advisors LLC bought a new position in Invesco QQQ during the 2nd quarter worth $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ during the 3rd quarter worth about $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.2 %

Shares of QQQ stock traded down $6.11 on Friday, hitting $509.16. The company had a trading volume of 31,584,445 shares, compared to its average volume of 33,287,629. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The stock’s 50-day moving average is $514.52 and its two-hundred day moving average is $490.73.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.