Raab & Moskowitz Asset Management LLC Cuts Holdings in Invesco QQQ (NASDAQ:QQQ)

Raab & Moskowitz Asset Management LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,592 shares of the exchange traded fund’s stock after selling 35 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Invesco QQQ were worth $2,859,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fiera Capital Corp grew its stake in Invesco QQQ by 3.5% in the 4th quarter. Fiera Capital Corp now owns 719,746 shares of the exchange traded fund’s stock valued at $367,956,000 after acquiring an additional 24,203 shares during the period. Hidden Cove Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth $671,000. Three Bridge Wealth Advisors LLC lifted its holdings in Invesco QQQ by 16.0% during the fourth quarter. Three Bridge Wealth Advisors LLC now owns 21,368 shares of the exchange traded fund’s stock valued at $10,924,000 after purchasing an additional 2,951 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Invesco QQQ by 829.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 169,070 shares of the exchange traded fund’s stock valued at $86,434,000 after purchasing an additional 150,885 shares during the period. Finally, Clarity Capital Partners LLC increased its stake in shares of Invesco QQQ by 8.0% during the fourth quarter. Clarity Capital Partners LLC now owns 4,151 shares of the exchange traded fund’s stock worth $2,122,000 after purchasing an additional 309 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1 %

Shares of Invesco QQQ stock opened at $528.30 on Thursday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The firm’s 50-day moving average price is $521.76 and its 200 day moving average price is $496.86.

Invesco QQQ Announces Dividend

The company also recently declared 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.

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.