Portside Wealth Group LLC Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

Portside Wealth Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 21.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,426 shares of the exchange traded fund’s stock after selling 388 shares during the quarter. Portside Wealth Group LLC’s holdings in Invesco QQQ were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Sandy Cove Advisors LLC lifted its holdings in Invesco QQQ by 8.9% during the 4th quarter. Sandy Cove Advisors LLC now owns 16,015 shares of the exchange traded fund’s stock worth $8,187,000 after purchasing an additional 1,304 shares in the last quarter. Choice Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 13.9% in the fourth quarter. Choice Wealth Advisors LLC now owns 1,248 shares of the exchange traded fund’s stock valued at $638,000 after acquiring an additional 152 shares during the period. Sandbox Financial Partners LLC grew its stake in Invesco QQQ by 8.6% during the fourth quarter. Sandbox Financial Partners LLC now owns 14,189 shares of the exchange traded fund’s stock valued at $7,254,000 after acquiring an additional 1,124 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its holdings in Invesco QQQ by 2.7% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 4,943 shares of the exchange traded fund’s stock worth $2,496,000 after acquiring an additional 130 shares during the period. Finally, Ballew Advisors Inc lifted its stake in Invesco QQQ by 15.4% in the 4th quarter. Ballew Advisors Inc now owns 3,795 shares of the exchange traded fund’s stock worth $1,919,000 after purchasing an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $521.74 on Monday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The company has a fifty day moving average price of $515.94 and a 200-day moving average price of $492.11.

Invesco QQQ Announces Dividend

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