NorthStar Asset Management LLC NJ Sells 84 Shares of Invesco QQQ (NASDAQ:QQQ)

NorthStar Asset Management LLC NJ cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,806 shares of the exchange traded fund’s stock after selling 84 shares during the period. Invesco QQQ comprises about 0.9% of NorthStar Asset Management LLC NJ’s investment portfolio, making the stock its 18th largest holding. NorthStar Asset Management LLC NJ’s holdings in Invesco QQQ were worth $2,968,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QQQ. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Empirical Asset Management LLC grew its stake in Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares during the last quarter. Main Management ETF Advisors LLC increased its position in Invesco QQQ by 33.5% during the 3rd quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock valued at $357,228,000 after buying an additional 183,550 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Invesco QQQ in the third quarter valued at about $77,091,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $520.83 on Thursday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The stock’s 50-day simple moving average is $518.51 and its 200-day simple moving average is $493.56.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.