Diversified Portfolios Inc. Has $1.43 Million Position in Invesco QQQ (NASDAQ:QQQ)

Diversified Portfolios Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 20.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,803 shares of the exchange traded fund’s stock after selling 705 shares during the period. Diversified Portfolios Inc.’s holdings in Invesco QQQ were worth $1,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. raised its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Invesco QQQ in the third quarter valued at approximately $181,000. Stablepoint Partners LLC boosted its stake in Invesco QQQ by 95.7% in the 3rd quarter. Stablepoint Partners LLC now owns 1,832 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 896 shares during the period. Empirical Asset Management LLC boosted its position in shares of Invesco QQQ by 7.3% during the third quarter. Empirical Asset Management LLC now owns 1,286 shares of the exchange traded fund’s stock worth $628,000 after buying an additional 87 shares during the period. Finally, Grove Bank & Trust raised its holdings in shares of Invesco QQQ by 16.9% in the third quarter. Grove Bank & Trust now owns 782 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $527.99 on Wednesday. The stock has a 50 day moving average of $521.76 and a 200-day moving average of $496.86. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

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