Invesco QQQ (NASDAQ:QQQ) Shares Sold by Magnolia Capital Management Ltd.

Magnolia Capital Management Ltd. lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 39,053 shares of the exchange traded fund’s stock after selling 1,000 shares during the quarter. Invesco QQQ comprises 15.9% of Magnolia Capital Management Ltd.’s holdings, making the stock its largest holding. Magnolia Capital Management Ltd.’s holdings in Invesco QQQ were worth $19,965,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter valued at about $62,000. Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $73,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Finally, Providence Capital Advisors LLC bought a new position in shares of Invesco QQQ during the second quarter worth about $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $516.67 on Thursday. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The business’s 50 day simple moving average is $515.57 and its 200 day simple moving average is $491.47.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.