Morton Brown Family Wealth LLC Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Morton Brown Family Wealth LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,016 shares of the exchange traded fund’s stock after selling 203 shares during the period. Invesco QQQ makes up 0.5% of Morton Brown Family Wealth LLC’s portfolio, making the stock its 22nd biggest position. Morton Brown Family Wealth LLC’s holdings in Invesco QQQ were worth $1,542,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after acquiring an additional 13,772 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after purchasing an additional 2,572 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $538.15 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company has a 50-day simple moving average of $522.38 and a 200-day simple moving average of $498.34.

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 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.