Invesco QQQ (NASDAQ:QQQ) Stock Position Reduced by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,603 shares of the exchange traded fund’s stock after selling 117 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Invesco QQQ were worth $4,909,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ in the fourth 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 worth $71,000 after acquiring an additional 63 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $520.83 on Thursday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The firm has a 50 day moving average of $518.51 and a two-hundred day moving average of $493.56.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.