Precedent Wealth Partners LLC Has $541,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Precedent Wealth Partners LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,058 shares of the exchange traded fund’s stock after selling 49 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Invesco QQQ were worth $541,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in QQQ. AQR Capital Management LLC raised its position in shares of Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after buying an additional 9,254 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares during the last quarter. Scientech Research LLC bought a new position in shares of Invesco QQQ in the 2nd quarter valued at $1,086,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Invesco QQQ by 15.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 859 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 112 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Invesco QQQ by 6,597.8% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 62,290 shares of the exchange traded fund’s stock worth $29,844,000 after buying an additional 61,360 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Invesco QQQ stock opened at $529.63 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business’s 50-day moving average price is $517.86 and its two-hundred day moving average price is $493.31.

Invesco QQQ Announces Dividend

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