Certuity LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Certuity LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,451 shares of the exchange traded fund’s stock after selling 5,118 shares during the period. Invesco QQQ comprises 2.1% of Certuity LLC’s investment portfolio, making the stock its 13th biggest holding. Certuity LLC’s holdings in Invesco QQQ were worth $19,146,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of QQQ. Stephens Consulting LLC lifted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after acquiring an additional 19 shares during the last quarter. Northeast Investment Management increased its stake in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp raised its holdings in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the period. Cardinal Point Capital Management ULC lifted its stake in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares in the last quarter. Finally, Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $527.99 on Wednesday. The firm has a 50 day simple moving average of $521.54 and a 200 day simple moving average of $496.40. 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 declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.