Invesco QQQ (NASDAQ:QQQ) Shares Sold by Latko Wealth Management Ltd.

Latko Wealth Management Ltd. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 15,746 shares of the exchange traded fund’s stock after selling 474 shares during the quarter. Invesco QQQ comprises 4.8% of Latko Wealth Management Ltd.’s portfolio, making the stock its 6th biggest holding. Latko Wealth Management Ltd.’s holdings in Invesco QQQ were worth $8,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during the 4th 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. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC boosted its position in 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 last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the third quarter worth approximately $62,000. Finally, Brooklyn Investment Group purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $69,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $538.15 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The business’s fifty day moving average is $522.14 and its two-hundred day moving average is $497.35.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.

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.