Burney Co. Sells 103 Shares of Invesco QQQ (NASDAQ:QQQ)

Burney Co. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,518 shares of the exchange traded fund’s stock after selling 103 shares during the quarter. Burney Co.’s holdings in Invesco QQQ were worth $2,310,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Northeast Investment Management lifted its stake in Invesco QQQ by 0.6% in 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 in the last quarter. Planning Capital Management Corp grew its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake 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. Skyline Advisors Inc. boosted its stake in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares during the period. Finally, Madden Advisory Services Inc. boosted its stake in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.3 %

NASDAQ:QQQ opened at $516.67 on Thursday. The business’s 50-day moving average price is $515.57 and its two-hundred day moving average price is $491.47. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

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