Shepherd Financial Partners LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Shepherd Financial Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,308 shares of the exchange traded fund’s stock after selling 319 shares during the period. Invesco QQQ comprises approximately 0.8% of Shepherd Financial Partners LLC’s holdings, making the stock its 25th biggest holding. Shepherd Financial Partners LLC’s holdings in Invesco QQQ were worth $6,292,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Platform Technology Partners increased its holdings in Invesco QQQ by 2.0% during the 4th quarter. Platform Technology Partners now owns 3,618 shares of the exchange traded fund’s stock worth $1,850,000 after purchasing an additional 71 shares during the last quarter. Dock Street Asset Management Inc. grew its position in shares of Invesco QQQ by 6.4% during the fourth quarter. Dock Street Asset Management Inc. now owns 3,439 shares of the exchange traded fund’s stock worth $1,758,000 after buying an additional 206 shares in the last quarter. Bright Financial Advisors Inc. increased its stake in shares of Invesco QQQ by 0.8% in the fourth quarter. Bright Financial Advisors Inc. now owns 6,529 shares of the exchange traded fund’s stock worth $3,338,000 after buying an additional 55 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $15,593,000. Finally, Gilliland Jeter Wealth Management LLC boosted its stake in Invesco QQQ by 10.8% during the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 1,973 shares of the exchange traded fund’s stock valued at $1,009,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $522.92 on Friday. The firm has a fifty day moving average of $521.00 and a two-hundred day moving average of $495.29. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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