Invesco QQQ (NASDAQ:QQQ) Holdings Reduced by Eldridge Investment Advisors Inc.

Eldridge Investment Advisors Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,977 shares of the exchange traded fund’s stock after selling 233 shares during the quarter. Invesco QQQ accounts for approximately 3.6% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. Eldridge Investment Advisors Inc.’s holdings in Invesco QQQ were worth $15,325,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQ. CV Advisors LLC raised its position in shares of Invesco QQQ by 8.4% in the fourth quarter. CV Advisors LLC now owns 26,572 shares of the exchange traded fund’s stock worth $13,556,000 after acquiring an additional 2,055 shares during the period. Intrepid Financial Planning Group LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $1,726,000. Envestnet Portfolio Solutions Inc. raised its holdings in Invesco QQQ by 17.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 49,721 shares of the exchange traded fund’s stock valued at $25,419,000 after acquiring an additional 7,344 shares during the last quarter. Tidemark LLC raised its holdings in Invesco QQQ by 1.7% in the 4th quarter. Tidemark LLC now owns 4,913 shares of the exchange traded fund’s stock valued at $2,512,000 after acquiring an additional 81 shares during the last quarter. Finally, Diversified Enterprises LLC grew its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $479.66 on Friday. The firm has a 50 day simple moving average of $514.89 and a 200-day simple moving average of $503.85. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The stock has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

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