Beese Fulmer Investment Management Inc. Has $476,000 Position in Invesco QQQ (NASDAQ:QQQ)

Beese Fulmer Investment Management Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 931 shares of the exchange traded fund’s stock after selling 62 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Invesco QQQ were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Connor Financial Group LLC grew its position in Invesco QQQ by 6.2% during the 3rd quarter. O Connor Financial Group LLC now owns 17,065 shares of the exchange traded fund’s stock worth $8,329,000 after acquiring an additional 1,000 shares during the last quarter. Marcum Wealth LLC lifted its position in Invesco QQQ by 1.7% during the 3rd quarter. Marcum Wealth LLC now owns 18,961 shares of the exchange traded fund’s stock worth $9,254,000 after buying an additional 308 shares in the last quarter. Wedmont Private Capital increased its position in Invesco QQQ by 0.7% in the 3rd quarter. Wedmont Private Capital now owns 18,848 shares of the exchange traded fund’s stock valued at $9,087,000 after acquiring an additional 140 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in shares of Invesco QQQ by 11.2% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock worth $2,676,000 after acquiring an additional 553 shares during the last quarter. Finally, Patten Group Inc. lifted its position in shares of Invesco QQQ by 3.3% during the third quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after purchasing an additional 49 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $529.60 on Friday. The company’s 50 day simple moving average is $520.51 and its 200-day simple moving average is $495.05. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.