Westside Investment Management Inc. Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Westside Investment Management Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,279 shares of the exchange traded fund’s stock after selling 306 shares during the period. Invesco QQQ makes up 3.3% of Westside Investment Management Inc.’s holdings, making the stock its 4th biggest holding. Westside Investment Management Inc.’s holdings in Invesco QQQ were worth $15,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Magnus Financial Group LLC grew its position in Invesco QQQ by 462.4% in the 4th quarter. Magnus Financial Group LLC now owns 11,538 shares of the exchange traded fund’s stock worth $5,899,000 after purchasing an additional 14,722 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in Invesco QQQ by 10.2% during the fourth quarter. Daymark Wealth Partners LLC now owns 18,803 shares of the exchange traded fund’s stock worth $9,613,000 after acquiring an additional 1,743 shares during the period. Investment Advisory Group LLC boosted its position in Invesco QQQ by 5.0% in the fourth quarter. Investment Advisory Group LLC now owns 5,498 shares of the exchange traded fund’s stock worth $2,811,000 after purchasing an additional 260 shares during the last quarter. Finley Financial LLC bought a new position in Invesco QQQ in the 4th quarter valued at $13,294,000. Finally, Global Trust Asset Management LLC increased its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Global Trust Asset Management LLC now owns 35,271 shares of the exchange traded fund’s stock valued at $18,031,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $531.51 on Thursday. The company’s 50-day moving average is $516.33 and its 200 day moving average is $492.54. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

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