Invesco QQQ (NASDAQ:QQQ) Stake Lessened by Diversified Portfolios Inc.

Diversified Portfolios Inc. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,803 shares of the exchange traded fund’s stock after selling 705 shares during the quarter. Diversified Portfolios Inc.’s holdings in Invesco QQQ were worth $1,433,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $527.99 on Wednesday. The business has a 50 day moving average price of $521.76 and a 200 day moving average price of $496.86. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

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