Graypoint LLC Sells 353 Shares of Invesco QQQ (NASDAQ:QQQ)

Graypoint LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,391 shares of the exchange traded fund’s stock after selling 353 shares during the quarter. Graypoint LLC’s holdings in Invesco QQQ were worth $711,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Meeder Advisory Services Inc. bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $1,395,000. GHP Investment Advisors Inc. boosted its position in shares of Invesco QQQ by 3.6% in the second quarter. GHP Investment Advisors Inc. now owns 3,232 shares of the exchange traded fund’s stock valued at $1,549,000 after acquiring an additional 111 shares during the period. Pinkerton Retirement Specialists LLC boosted its position in shares of Invesco QQQ by 18.4% in the second quarter. Pinkerton Retirement Specialists LLC now owns 93,400 shares of the exchange traded fund’s stock valued at $44,749,000 after acquiring an additional 14,483 shares during the period. Scarborough Advisors LLC boosted its position in shares of Invesco QQQ by 14.0% in the second quarter. Scarborough Advisors LLC now owns 2,483 shares of the exchange traded fund’s stock valued at $1,190,000 after acquiring an additional 305 shares during the period. Finally, LWM Advisory Services LLC boosted its position in shares of Invesco QQQ by 47.2% in the second quarter. LWM Advisory Services LLC now owns 6,555 shares of the exchange traded fund’s stock valued at $3,141,000 after acquiring an additional 2,103 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $507.63 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The firm has a 50 day moving average of $514.92 and a 200-day moving average of $490.97.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.