Asset Dedication LLC Sells 26 Shares of Invesco QQQ (NASDAQ:QQQ)

Asset Dedication LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,765 shares of the exchange traded fund’s stock after selling 26 shares during the quarter. Asset Dedication LLC’s holdings in Invesco QQQ were worth $2,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ during the third quarter valued at approximately $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in Invesco QQQ by 75.9% in 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 period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ opened at $520.83 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm has a fifty day simple moving average of $518.51 and a two-hundred day simple moving average of $493.56.

Invesco QQQ Dividend Announcement

The company also recently announced 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 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.