Smith Anglin Financial LLC Sells 21 Shares of Invesco QQQ (NASDAQ:QQQ)

Smith Anglin Financial LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 7,049 shares of the exchange traded fund’s stock after selling 21 shares during the period. Smith Anglin Financial LLC’s holdings in Invesco QQQ were worth $3,604,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC lifted its holdings 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 acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the 3rd quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at about $73,000. Finally, Providence Capital Advisors LLC bought a new position in shares of Invesco QQQ during the second quarter valued at about $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.3 %

QQQ opened at $516.67 on Thursday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The business’s 50-day moving average price is $515.57 and its 200-day moving average price is $491.47.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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 Company 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.