Wealthgarden F.S. LLC Has $948,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Wealthgarden F.S. LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 97.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,854 shares of the exchange traded fund’s stock after selling 75,129 shares during the quarter. Wealthgarden F.S. LLC’s holdings in Invesco QQQ were worth $948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. increased its position in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the last quarter. Tectonic Advisors LLC acquired a new position in Invesco QQQ during the third quarter worth approximately $372,000. Heritage Oak Wealth Advisors LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $7,923,000. Canal Capital Management LLC increased its holdings in shares of Invesco QQQ by 13.7% during the 3rd quarter. Canal Capital Management LLC now owns 18,542 shares of the exchange traded fund’s stock worth $9,050,000 after acquiring an additional 2,230 shares during the last quarter. Finally, HWG Holdings LP increased its holdings in shares of Invesco QQQ by 37.0% during the 3rd quarter. HWG Holdings LP now owns 33,769 shares of the exchange traded fund’s stock worth $16,482,000 after acquiring an additional 9,128 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $526.08 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business’s 50 day simple moving average is $523.39 and its 200 day simple moving average is $501.12.

Invesco QQQ Announces Dividend

The business also recently declared 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.