Ridgepath Capital Management LLC Sells 11,431 Shares of Invesco QQQ (NASDAQ:QQQ)

Ridgepath Capital Management LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,164 shares of the exchange traded fund’s stock after selling 11,431 shares during the period. Invesco QQQ makes up approximately 4.3% of Ridgepath Capital Management LLC’s holdings, making the stock its 8th largest holding. Ridgepath Capital Management LLC’s holdings in Invesco QQQ were worth $9,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. GAMMA Investing LLC increased its stake in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the period. Socha Financial Group LLC grew its stake in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. NRI Wealth Management LC acquired a new position in Invesco QQQ in the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4 %

Shares of QQQ stock opened at $523.05 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company has a 50 day moving average price of $518.86 and a 200 day moving average price of $493.75.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.