Colonial River Investments LLC Has $1.43 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Colonial River Investments LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,802 shares of the exchange traded fund’s stock after selling 404 shares during the quarter. Colonial River Investments LLC’s holdings in Invesco QQQ were worth $1,432,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQ. Stephens Consulting LLC increased its holdings in shares of Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after purchasing an additional 19 shares during the last quarter. Northeast Investment Management increased its holdings in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the last quarter. Planning Capital Management Corp increased its holdings in shares of Invesco QQQ by 7.1% in the third 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 during the last quarter. Cardinal Point Capital Management ULC boosted its position in shares of Invesco QQQ by 0.5% in 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 acquiring an additional 20 shares during the period. Finally, Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $526.08 on Monday. The firm has a 50-day moving average of $523.39 and a 200-day moving average of $501.59. Invesco QQQ has a 52-week low of $413.07 and a 52-week 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.

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.