Northstar Advisory Group LLC Sells 2,543 Shares of Invesco QQQ (NASDAQ:QQQ)

Northstar Advisory Group LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 28.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,421 shares of the exchange traded fund’s stock after selling 2,543 shares during the quarter. Invesco QQQ comprises about 1.6% of Northstar Advisory Group LLC’s holdings, making the stock its 19th biggest holding. Northstar Advisory Group LLC’s holdings in Invesco QQQ were worth $2,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its stake in Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares in the last quarter. Axiom Financial Strategies LLC boosted its stake in Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 85 shares during the period. Roundview Capital LLC boosted its stake in Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Invesco QQQ by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after acquiring an additional 278 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Invesco QQQ by 309.2% during the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after buying an additional 337 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $444.19 on Thursday. The stock’s fifty day moving average is $433.08 and its 200 day moving average is $399.34. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.