Encompass More Asset Management Sells 320 Shares of Invesco QQQ (NASDAQ:QQQ)

Encompass More Asset Management lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 34.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 611 shares of the exchange traded fund’s stock after selling 320 shares during the period. Encompass More Asset Management’s holdings in Invesco QQQ were worth $312,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hoese & Co LLP raised its holdings 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 in the last quarter. Legacy Bridge LLC increased its holdings in 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 buying an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ in the third quarter worth approximately $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the fourth quarter worth $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of NASDAQ:QQQ opened at $529.63 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business’s fifty day simple moving average is $517.20 and its 200-day simple moving average is $493.09.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.