Nicholson Wealth Management Group LLC Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Nicholson Wealth Management Group LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 813 shares of the exchange traded fund’s stock after selling 28 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Invesco QQQ were worth $416,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% during the fourth 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 in the last quarter. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Finally, BNP Paribas purchased a new position in Invesco QQQ during the third quarter valued at approximately $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4 %

Shares of NASDAQ:QQQ opened at $537.23 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm’s 50 day simple moving average is $523.48 and its two-hundred day simple moving average is $500.07.

Invesco QQQ Dividend Announcement

The business also recently announced 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.