Teamwork Financial Advisors LLC Has $484,000 Position in Invesco QQQ (NASDAQ:QQQ)

Teamwork Financial Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 946 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Invesco QQQ were worth $484,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Hoese & Co LLP lifted 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 valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% in the third 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 last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter worth about $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $73,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $532.64 on Friday. The business has a 50 day moving average price of $516.72 and a 200 day moving average price of $492.81. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed 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 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.