Sharp Financial Services LLC Reduces Stake in Invesco QQQ (NASDAQ:QQQ)

Sharp Financial Services LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 93.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 728 shares of the exchange traded fund’s stock after selling 9,601 shares during the quarter. Sharp Financial Services LLC’s holdings in Invesco QQQ were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in QQQ. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC increased its stake in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Toronto Dominion Bank increased its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Finally, Empirical Asset Management LLC increased its stake in Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after purchasing an additional 201,597 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

NASDAQ QQQ opened at $531.51 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business has a 50 day moving average price of $516.33 and a 200 day moving average price of $492.54.

Invesco QQQ Announces Dividend

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

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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