Invesco QQQ (NASDAQ:QQQ) is Dumont & Blake Investment Advisors LLC’s 2nd Largest Position

Dumont & Blake Investment Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,380 shares of the exchange traded fund’s stock after selling 569 shares during the quarter. Invesco QQQ makes up 5.1% of Dumont & Blake Investment Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in Invesco QQQ were worth $19,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new position in Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $73,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $523.05 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The firm has a 50-day moving average price of $518.86 and a two-hundred day moving average price of $493.75.

Invesco QQQ Announces Dividend

The company also recently announced 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.

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.