Nicholson Wealth Management Group LLC Sells 28 Shares of Invesco QQQ (NASDAQ:QQQ)

Nicholson Wealth Management Group LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 813 shares of the exchange traded fund’s stock after selling 28 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Invesco QQQ were worth $416,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp grew its position in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $37,000. Hoese & Co LLP grew its position 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 buying an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of 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 during the period. Finally, BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4 %

NASDAQ:QQQ opened at $537.23 on Friday. The firm’s 50-day moving average price is $523.48 and its 200-day moving average price is $500.07. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.