Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,740 shares of the exchange traded fund’s stock after selling 69 shares during the quarter. Invesco QQQ makes up approximately 0.9% of Ridgewood Investments LLC’s portfolio, making the stock its 17th largest holding. Ridgewood Investments LLC’s holdings in Invesco QQQ were worth $1,912,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. ORG Partners LLC grew its position in shares of Invesco QQQ by 9.8% in the fourth quarter. ORG Partners LLC now owns 1,631 shares of the exchange traded fund’s stock valued at $834,000 after purchasing an additional 146 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in Invesco QQQ by 1.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 12,967 shares of the exchange traded fund’s stock worth $6,629,000 after acquiring an additional 240 shares during the last quarter. Fortitude Family Office LLC boosted its position in Invesco QQQ by 5,417.6% during the fourth quarter. Fortitude Family Office LLC now owns 9,711 shares of the exchange traded fund’s stock worth $4,964,000 after acquiring an additional 9,535 shares during the last quarter. Watts Gwilliam & Co. LLC boosted its position in Invesco QQQ by 17.4% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 10,518 shares of the exchange traded fund’s stock worth $5,419,000 after acquiring an additional 1,557 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its position in Invesco QQQ by 4.4% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,115 shares of the exchange traded fund’s stock worth $1,592,000 after acquiring an additional 130 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.0 %

NASDAQ QQQ traded down $10.32 during mid-day trading on Friday, reaching $504.95. 21,164,752 shares of the stock were exchanged, compared to its average volume of 31,418,357. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15. The business’s fifty day simple moving average is $514.52 and its 200 day simple moving average is $490.73.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.