Colonial River Investments LLC Sells 404 Shares of Invesco QQQ (NASDAQ:QQQ)

Colonial River Investments LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,802 shares of the exchange traded fund’s stock after selling 404 shares during the quarter. Colonial River Investments LLC’s holdings in Invesco QQQ were worth $1,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp lifted 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 worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% during the third 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. Finally, BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth about $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

QQQ opened at $526.08 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a 50-day simple moving average of $523.39 and a 200 day simple moving average of $501.59.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.