Williams & Novak LLC Sells 46 Shares of Invesco QQQ (NASDAQ:QQQ)

Williams & Novak LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,194 shares of the exchange traded fund’s stock after selling 46 shares during the quarter. Invesco QQQ comprises about 1.1% of Williams & Novak LLC’s holdings, making the stock its 27th biggest holding. Williams & Novak LLC’s holdings in Invesco QQQ were worth $1,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Invesco QQQ by 332.0% during the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares during the period. 3Chopt Investment Partners LLC bought a new position in Invesco QQQ during the second quarter valued at approximately $226,000. RiverFront Investment Group LLC boosted its holdings in Invesco QQQ by 13.0% in the second quarter. RiverFront Investment Group LLC now owns 133,997 shares of the exchange traded fund’s stock worth $64,199,000 after purchasing an additional 15,393 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Invesco QQQ in the 2nd quarter worth approximately $104,000. Finally, NCP Inc. raised its stake in Invesco QQQ by 3.1% during the 2nd quarter. NCP Inc. now owns 6,642 shares of the exchange traded fund’s stock valued at $3,182,000 after buying an additional 198 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $520.83 on Thursday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock’s fifty day moving average price is $518.51 and its 200-day moving average price is $493.56.

Invesco QQQ Announces Dividend

The company also recently declared 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 of this dividend was Monday, December 23rd.

About Invesco QQQ

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.