Invesco QQQ (NASDAQ:QQQ) Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,922 shares of the exchange traded fund’s stock after selling 122 shares during the period. MMA Asset Management LLC’s holdings in Invesco QQQ were worth $840,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Red Tortoise LLC lifted its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Robinson Capital Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $40,000. Friedenthal Financial acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $42,000. Finally, Core Wealth Advisors Inc. raised its stake in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9 %

QQQ traded up $4.29 on Friday, hitting $457.95. 29,669,461 shares of the company’s stock were exchanged, compared to its average volume of 33,694,408. Invesco QQQ has a fifty-two week low of $336.67 and a fifty-two week high of $460.58. The firm has a 50-day moving average price of $439.25 and a 200-day moving average price of $422.38.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.50%.

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.