Graypoint LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Graypoint LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,391 shares of the exchange traded fund’s stock after selling 353 shares during the period. Graypoint LLC’s holdings in Invesco QQQ were worth $711,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. Meeder Advisory Services Inc. purchased a new stake in Invesco QQQ during the second quarter worth about $1,395,000. GHP Investment Advisors Inc. increased its holdings in Invesco QQQ by 3.6% during the second quarter. GHP Investment Advisors Inc. now owns 3,232 shares of the exchange traded fund’s stock worth $1,549,000 after buying an additional 111 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its stake in shares of Invesco QQQ by 18.4% in the second quarter. Pinkerton Retirement Specialists LLC now owns 93,400 shares of the exchange traded fund’s stock worth $44,749,000 after purchasing an additional 14,483 shares in the last quarter. Scarborough Advisors LLC increased its stake in shares of Invesco QQQ by 14.0% in the second quarter. Scarborough Advisors LLC now owns 2,483 shares of the exchange traded fund’s stock worth $1,190,000 after purchasing an additional 305 shares in the last quarter. Finally, LWM Advisory Services LLC increased its stake in shares of Invesco QQQ by 47.2% in the second quarter. LWM Advisory Services LLC now owns 6,555 shares of the exchange traded fund’s stock worth $3,141,000 after purchasing an additional 2,103 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5 %

QQQ opened at $507.63 on Friday. The firm has a 50-day moving average price of $514.92 and a 200-day moving average price of $490.97. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The firm 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 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.