Portside Wealth Group LLC Sells 388 Shares of Invesco QQQ (NASDAQ:QQQ)

Portside Wealth Group LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,426 shares of the exchange traded fund’s stock after selling 388 shares during the quarter. Portside Wealth Group LLC’s holdings in Invesco QQQ were worth $696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Sandy Cove Advisors LLC lifted its stake in shares of Invesco QQQ by 8.9% in the fourth quarter. Sandy Cove Advisors LLC now owns 16,015 shares of the exchange traded fund’s stock valued at $8,187,000 after buying an additional 1,304 shares in the last quarter. Choice Wealth Advisors LLC boosted its stake in Invesco QQQ by 13.9% during the 4th quarter. Choice Wealth Advisors LLC now owns 1,248 shares of the exchange traded fund’s stock valued at $638,000 after purchasing an additional 152 shares during the last quarter. Sandbox Financial Partners LLC increased its holdings in Invesco QQQ by 8.6% during the 4th quarter. Sandbox Financial Partners LLC now owns 14,189 shares of the exchange traded fund’s stock worth $7,254,000 after purchasing an additional 1,124 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its stake in shares of Invesco QQQ by 2.7% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 4,943 shares of the exchange traded fund’s stock worth $2,496,000 after purchasing an additional 130 shares during the last quarter. Finally, Ballew Advisors Inc lifted its holdings in shares of Invesco QQQ by 15.4% in the fourth quarter. Ballew Advisors Inc now owns 3,795 shares of the exchange traded fund’s stock valued at $1,919,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Shares of NASDAQ:QQQ opened at $521.74 on Monday. The business’s 50 day moving average is $515.94 and its 200 day moving average is $492.11. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.