BNC Wealth Management LLC Has $1.60 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

BNC Wealth Management LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,126 shares of the exchange traded fund’s stock after selling 114 shares during the quarter. BNC Wealth Management LLC’s holdings in Invesco QQQ were worth $1,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $69,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $521.74 on Monday. The stock has a fifty day moving average price of $515.94 and a 200 day moving average price of $492.11. Invesco QQQ has a 1 year low of $409.16 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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.