Invesco QQQ (NASDAQ:QQQ) Shares Sold by MBE Wealth Management LLC

MBE Wealth Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,452 shares of the exchange traded fund’s stock after selling 424 shares during the period. Invesco QQQ makes up approximately 16.0% of MBE Wealth Management LLC’s holdings, making the stock its largest holding. MBE Wealth Management LLC’s holdings in Invesco QQQ were worth $28,349,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QQQ. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas acquired a new position in Invesco QQQ during 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, Ritter Daniher Financial Advisory LLC DE grew its position in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $521.88 on Wednesday. The company’s fifty day simple moving average is $518.14 and its 200-day simple moving average is $493.37. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.