Kelleher Financial Advisors Sells 49 Shares of Invesco QQQ (NASDAQ:QQQ)

Kelleher Financial Advisors lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 5,406 shares of the exchange traded fund’s stock after selling 49 shares during the period. Invesco QQQ comprises 1.0% of Kelleher Financial Advisors’ portfolio, making the stock its 18th biggest holding. Kelleher Financial Advisors’ holdings in Invesco QQQ were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC grew its stake in shares of Invesco QQQ by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after buying an additional 125 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Invesco QQQ by 1.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock worth $1,173,000 after acquiring an additional 25 shares during the last quarter. Royal Capital Wealth Management LLC grew its position in Invesco QQQ by 5.3% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 7,230 shares of the exchange traded fund’s stock worth $3,464,000 after purchasing an additional 366 shares during the period. Point72 Europe London LLP grew its position in Invesco QQQ by 13.2% in the 2nd quarter. Point72 Europe London LLP now owns 119,927 shares of the exchange traded fund’s stock worth $57,458,000 after purchasing an additional 14,014 shares during the period. Finally, Trinity Legacy Partners LLC grew its position in Invesco QQQ by 24.9% in the 2nd quarter. Trinity Legacy Partners LLC now owns 1,612 shares of the exchange traded fund’s stock worth $772,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

NASDAQ:QQQ opened at $531.51 on Thursday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a 50 day simple moving average of $516.33 and a two-hundred day simple moving average of $492.54.

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 dividend of $0.8347 per share. 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.