Ironwood Financial llc Sells 1,615 Shares of Invesco QQQ (NASDAQ:QQQ)

Ironwood Financial llc lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,955 shares of the exchange traded fund’s stock after selling 1,615 shares during the period. Invesco QQQ comprises about 1.0% of Ironwood Financial llc’s portfolio, making the stock its 28th biggest position. Ironwood Financial llc’s holdings in Invesco QQQ were worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QQQ. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the 4th quarter worth about $69,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $73,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.7 %

NASDAQ QQQ opened at $521.74 on Tuesday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The business has a 50 day simple moving average of $515.94 and a 200 day simple moving average of $492.12.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.