PCG Wealth Advisors LLC Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

PCG Wealth Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,786 shares of the exchange traded fund’s stock after selling 470 shares during the period. PCG Wealth Advisors LLC’s holdings in Invesco QQQ were worth $2,958,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ in the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at $73,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ opened at $529.63 on Friday. The firm has a fifty day simple moving average of $517.20 and a two-hundred day simple moving average of $493.09. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

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 paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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