Invesco QQQ (NASDAQ:QQQ) Stock Position Cut by Chaney Capital Management Inc.

Chaney Capital Management Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,908 shares of the exchange traded fund’s stock after selling 254 shares during the period. Invesco QQQ accounts for 6.8% of Chaney Capital Management Inc.’s holdings, making the stock its 5th biggest position. Chaney Capital Management Inc.’s holdings in Invesco QQQ were worth $14,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares in the last quarter. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $522.92 on Friday. The company’s 50-day moving average price is $521.26 and its 200-day moving average price is $495.57. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

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