Aurora Investment Managers LLC. Sells 938 Shares of Invesco QQQ (NASDAQ:QQQ)

Aurora Investment Managers LLC. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,623 shares of the exchange traded fund’s stock after selling 938 shares during the quarter. Invesco QQQ comprises 3.6% of Aurora Investment Managers LLC.’s portfolio, making the stock its 7th largest position. Aurora Investment Managers LLC.’s holdings in Invesco QQQ were worth $5,942,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QQQ. Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $69,000. Ritter Daniher Financial Advisory LLC DE increased its stake in 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 valued at $71,000 after purchasing an additional 63 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $521.74 on Tuesday. Invesco QQQ has a twelve month low of $409.16 and a twelve month high of $539.15. The company’s fifty day moving average is $515.94 and its 200-day moving average is $492.12.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.