Asset Dedication LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Asset Dedication LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 4th quarter, HoldingsChannel reports. The fund owned 4,765 shares of the exchange traded fund’s stock after selling 26 shares during the quarter. Asset Dedication LLC’s holdings in Invesco QQQ were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Fulton Breakefield Broenniman LLC grew its stake in shares of Invesco QQQ by 5.8% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 8,644 shares of the exchange traded fund’s stock valued at $4,419,000 after acquiring an additional 474 shares during the period. Gateway Wealth Partners LLC lifted its holdings in Invesco QQQ by 2.1% during the fourth quarter. Gateway Wealth Partners LLC now owns 7,359 shares of the exchange traded fund’s stock valued at $3,762,000 after purchasing an additional 148 shares in the last quarter. RCS Financial Planning LLC increased its stake in shares of Invesco QQQ by 2.8% in the fourth quarter. RCS Financial Planning LLC now owns 1,092 shares of the exchange traded fund’s stock worth $558,000 after purchasing an additional 30 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of Invesco QQQ by 1.5% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,207 shares of the exchange traded fund’s stock valued at $2,662,000 after purchasing an additional 76 shares during the period. Finally, Kennedy Investment Group lifted its stake in shares of Invesco QQQ by 6.2% during the 4th quarter. Kennedy Investment Group now owns 953 shares of the exchange traded fund’s stock valued at $487,000 after buying an additional 56 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of Invesco QQQ stock opened at $520.83 on Thursday. The company has a fifty day moving average of $518.51 and a 200 day moving average of $493.56. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.