Van Cleef Asset Management Inc Sells 38 Shares of Invesco QQQ (NASDAQ:QQQ)

Van Cleef Asset Management Inc lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,791 shares of the exchange traded fund’s stock after selling 38 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Invesco QQQ were worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Stephens Consulting LLC lifted its holdings in Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the period. Northeast Investment Management raised its stake in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp boosted its holdings in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC grew its position in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the period. Finally, Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $500.27 on Friday. The firm has a market cap of $315.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm’s 50-day simple moving average is $522.25 and its two-hundred day simple moving average is $502.61.

Invesco QQQ Dividend Announcement

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