Calton & Associates Inc. Reduces Stake in Invesco QQQ (NASDAQ:QQQ)

Calton & Associates Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,990 shares of the exchange traded fund’s stock after selling 3,905 shares during the period. Invesco QQQ makes up 5.6% of Calton & Associates Inc.’s portfolio, making the stock its 2nd biggest holding. Calton & Associates Inc.’s holdings in Invesco QQQ were worth $12,775,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ during the third quarter valued at about $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $523.05 on Friday. The firm has a 50 day simple moving average of $518.86 and a 200 day simple moving average of $493.75. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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