Janney Montgomery Scott LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Janney Montgomery Scott LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 795,210 shares of the exchange traded fund’s stock after selling 10,344 shares during the quarter. Invesco QQQ comprises about 1.1% of Janney Montgomery Scott LLC’s portfolio, making the stock its 10th largest position. Janney Montgomery Scott LLC owned about 0.13% of Invesco QQQ worth $406,536,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQ. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.3 %

QQQ stock opened at $531.51 on Thursday. The company has a 50 day simple moving average of $516.33 and a 200 day simple moving average of $492.54. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed 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 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.