Violich Capital Management Inc. Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

Violich Capital Management Inc. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 64.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,349 shares of the exchange traded fund’s stock after selling 2,400 shares during the period. Violich Capital Management Inc.’s holdings in Invesco QQQ were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. grew its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of Invesco QQQ by 4.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,663 shares of the exchange traded fund’s stock worth $4,228,000 after buying an additional 370 shares during the last quarter. Affiance Financial LLC grew its stake in shares of Invesco QQQ by 3.9% in the 3rd quarter. Affiance Financial LLC now owns 2,881 shares of the exchange traded fund’s stock worth $1,406,000 after buying an additional 109 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Invesco QQQ by 1.5% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 10,139 shares of the exchange traded fund’s stock worth $4,949,000 after buying an additional 149 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco QQQ by 60.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,538 shares of the exchange traded fund’s stock worth $2,704,000 after buying an additional 2,088 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

QQQ stock opened at $529.25 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The stock’s 50 day simple moving average is $521.26 and its 200 day simple moving average is $495.90.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. 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.