Invesco QQQ (NASDAQ:QQQ) is Dynamic Advisor Solutions LLC’s 2nd Largest Position

Dynamic Advisor Solutions LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 155,976 shares of the exchange traded fund’s stock after selling 11,862 shares during the quarter. Invesco QQQ comprises about 3.4% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 2nd largest position. Dynamic Advisor Solutions LLC’s holdings in Invesco QQQ were worth $79,739,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Northeast Investment Management grew its position in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp boosted its stake in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC grew its holdings in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Finally, Skyline Advisors Inc. lifted its holdings in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $529.63 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The company’s 50 day simple moving average is $517.86 and its 200 day simple moving average is $493.31.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company 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.