Lane & Associates LLC Sells 201 Shares of Invesco QQQ (NASDAQ:QQQ)

Lane & Associates LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 10.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,815 shares of the exchange traded fund’s stock after selling 201 shares during the period. Lane & Associates LLC’s holdings in Invesco QQQ were worth $948,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in QQQ. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth about $37,000. Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. Finally, Creative Capital Management Investments LLC raised its stake in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Shares of NASDAQ QQQ opened at $537.23 on Friday. The stock has a 50 day moving average price of $523.48 and a 200 day moving average price of $500.07. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently declared 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.