Waterfront Wealth Inc. Sells 137 Shares of Invesco QQQ (NASDAQ:QQQ)

Waterfront Wealth Inc. trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,451 shares of the exchange traded fund’s stock after selling 137 shares during the quarter. Waterfront Wealth Inc.’s holdings in Invesco QQQ were worth $742,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Suncoast Equity Management raised its holdings in shares of Invesco QQQ by 49.5% in the 4th quarter. Suncoast Equity Management now owns 740 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 245 shares during the period. JMG Financial Group Ltd. raised its stake in Invesco QQQ by 3.1% in the fourth quarter. JMG Financial Group Ltd. now owns 7,565 shares of the exchange traded fund’s stock valued at $3,868,000 after buying an additional 229 shares during the period. Trinity Legacy Partners LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $621,000. Financial Harvest LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $214,000. Finally, White Wing Wealth Management boosted its stake in shares of Invesco QQQ by 3.2% during the 4th quarter. White Wing Wealth Management now owns 22,661 shares of the exchange traded fund’s stock worth $11,585,000 after acquiring an additional 705 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $526.08 on Friday. The stock’s fifty day simple moving average is $523.39 and its 200 day simple moving average is $500.70. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Announces Dividend

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