Invesco QQQ (NASDAQ:QQQ) is Westside Investment Management Inc.’s 4th Largest Position

Westside Investment Management Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,279 shares of the exchange traded fund’s stock after selling 306 shares during the period. Invesco QQQ makes up approximately 3.3% of Westside Investment Management Inc.’s portfolio, making the stock its 4th biggest position. Westside Investment Management Inc.’s holdings in Invesco QQQ were worth $15,480,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QQQ. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during 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 lifted its position 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 buying an additional 45 shares during the last quarter. BNP Paribas purchased a new stake in Invesco QQQ in the third quarter worth approximately $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the fourth quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3 %

Shares of Invesco QQQ stock opened at $531.51 on Thursday. The company has a fifty day moving average of $516.33 and a 200-day moving average of $492.54. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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 Company 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.