Invesco QQQ (NASDAQ:QQQ) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,736 shares of the exchange traded fund’s stock after selling 300 shares during the period. Invesco QQQ makes up approximately 0.7% of HCR Wealth Advisors’ portfolio, making the stock its 19th biggest holding. HCR Wealth Advisors’ holdings in Invesco QQQ were worth $5,489,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Bradley Foster & Sargent Inc. CT boosted its position in Invesco QQQ by 4.4% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 17,390 shares of the exchange traded fund’s stock worth $8,332,000 after purchasing an additional 728 shares in the last quarter. Wealth Alliance grew its stake in Invesco QQQ by 2.8% in the 2nd quarter. Wealth Alliance now owns 1,324 shares of the exchange traded fund’s stock valued at $634,000 after acquiring an additional 36 shares during the period. Purus Wealth Management LLC increased its holdings in Invesco QQQ by 9.6% in the 2nd quarter. Purus Wealth Management LLC now owns 8,575 shares of the exchange traded fund’s stock worth $4,108,000 after acquiring an additional 748 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Invesco QQQ by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after acquiring an additional 125 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Invesco QQQ by 6.3% in the second quarter. Blair William & Co. IL now owns 225,762 shares of the exchange traded fund’s stock valued at $108,165,000 after purchasing an additional 13,465 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $516.67 on Thursday. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The company has a 50-day moving average price of $515.57 and a 200 day moving average price of $491.47.

Invesco QQQ Announces Dividend

The company 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.