American Institute for Advanced Investment Management LLP Trims Stake in Invesco QQQ (NASDAQ:QQQ)

American Institute for Advanced Investment Management LLP cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,075 shares of the exchange traded fund’s stock after selling 278 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Invesco QQQ were worth $550,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of QQQ. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC raised 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 acquiring an additional 45 shares during the period. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $523.05 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock’s 50 day moving average is $518.86 and its 200 day moving average is $493.75.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued 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.