Invesco QQQ (NASDAQ:QQQ) Stock Holdings Cut by Ledyard National Bank

Ledyard National Bank lessened its position in Invesco QQQ (NASDAQ:QQQ) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,485 shares of the exchange traded fund’s stock after selling 68 shares during the period. Ledyard National Bank’s holdings in Invesco QQQ were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Encompass Wealth Advisors LLC grew its holdings in Invesco QQQ by 71.5% during the fourth quarter. Encompass Wealth Advisors LLC now owns 3,253 shares of the exchange traded fund’s stock worth $1,663,000 after acquiring an additional 1,356 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in Invesco QQQ by 70.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 242 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 100 shares during the last quarter. Financial Synergies Wealth Advisors Inc. boosted its position in shares of Invesco QQQ by 44.8% during the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 1,541 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 477 shares in the last quarter. Consolidated Portfolio Review Corp grew its stake in shares of Invesco QQQ by 42.3% in the 4th quarter. Consolidated Portfolio Review Corp now owns 6,865 shares of the exchange traded fund’s stock worth $3,509,000 after purchasing an additional 2,042 shares during the last quarter. Finally, Telos Capital Management Inc. raised its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 21,593 shares of the exchange traded fund’s stock worth $11,039,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $529.60 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The firm has a 50 day simple moving average of $520.51 and a 200 day simple moving average of $495.05.

Invesco QQQ Announces Dividend

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 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.