Madison Wealth Partners Inc Sells 1,193 Shares of Invesco QQQ (NASDAQ:QQQ)

Madison Wealth Partners Inc lowered its position in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,636 shares of the exchange traded fund’s stock after selling 1,193 shares during the quarter. Invesco QQQ accounts for 2.5% of Madison Wealth Partners Inc’s investment portfolio, making the stock its 9th biggest position. Madison Wealth Partners Inc’s holdings in Invesco QQQ were worth $9,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC lifted its stake in shares of Invesco QQQ by 1.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 18,775 shares of the exchange traded fund’s stock worth $9,598,000 after purchasing an additional 275 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $1,776,000. Rakuten Securities Inc. increased its position in shares of Invesco QQQ by 25.0% during the fourth quarter. Rakuten Securities Inc. now owns 6,866 shares of the exchange traded fund’s stock worth $3,510,000 after acquiring an additional 1,375 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Invesco QQQ by 5.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 401,704 shares of the exchange traded fund’s stock worth $205,363,000 after acquiring an additional 21,242 shares during the last quarter. Finally, Liberty Wealth Management LLC increased its position in shares of Invesco QQQ by 0.8% during the fourth quarter. Liberty Wealth Management LLC now owns 2,758 shares of the exchange traded fund’s stock worth $1,410,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $476.92 on Thursday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a market cap of $300.58 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock’s 50-day simple moving average is $516.50 and its 200-day simple moving average is $503.88.

Invesco QQQ Announces Dividend

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