WealthShield Partners LLC Sells 446 Shares of Invesco QQQ (NASDAQ:QQQ)

WealthShield Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 30.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,029 shares of the exchange traded fund’s stock after selling 446 shares during the period. WealthShield Partners LLC’s holdings in Invesco QQQ were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. Toronto Dominion Bank grew its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Cibc World Market Inc. increased its position in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after acquiring an additional 324,948 shares during the last quarter. Bell Bank lifted its holdings in Invesco QQQ by 112.7% in the fourth quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock valued at $194,820,000 after acquiring an additional 201,918 shares during the period. Finally, Empirical Asset Management LLC lifted its holdings in Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after acquiring an additional 201,597 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $519.87 on Tuesday. The business has a 50-day simple moving average of $523.02 and a two-hundred day simple moving average of $502.10. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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.

Invesco QQQ 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.