Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,111 shares of the exchange traded fund’s stock after selling 67 shares during the period. Bfsg LLC’s holdings in Invesco QQQ Trust were worth $455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Red Tortoise LLC boosted its position in shares of Invesco QQQ Trust by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Invesco QQQ Trust during the 4th quarter worth about $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ Trust during the 4th quarter worth about $42,000. Core Wealth Advisors Inc. boosted its position in shares of Invesco QQQ Trust by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its position in shares of Invesco QQQ Trust by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trust Trading Up 0.3 %

Shares of NASDAQ:QQQ traded up $1.44 on Wednesday, hitting $426.51. 47,408,836 shares of the company’s stock were exchanged, compared to its average volume of 46,037,426. Invesco QQQ Trust has a 1-year low of $309.89 and a 1-year high of $449.34. The firm’s 50-day moving average is $437.20 and its 200 day moving average is $409.44.

Invesco QQQ Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Trust 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.