Stone Summit Wealth LLC Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

Stone Summit Wealth LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,319 shares of the exchange traded fund’s stock after selling 280 shares during the quarter. Stone Summit Wealth LLC’s holdings in Invesco QQQ were worth $674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. raised its position in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its stake in shares of Invesco QQQ by 12.8% during the third quarter. Matrix Asset Advisors Inc. NY now owns 1,250 shares of the exchange traded fund’s stock valued at $610,000 after buying an additional 142 shares during the period. Annex Advisory Services LLC raised its holdings in shares of Invesco QQQ by 5.8% during the third quarter. Annex Advisory Services LLC now owns 3,792 shares of the exchange traded fund’s stock valued at $1,851,000 after acquiring an additional 207 shares in the last quarter. Retirement Planning Group LLC lifted its stake in Invesco QQQ by 40.2% in the third quarter. Retirement Planning Group LLC now owns 43,416 shares of the exchange traded fund’s stock worth $21,190,000 after acquiring an additional 12,458 shares during the period. Finally, Darrow Company Inc. boosted its holdings in Invesco QQQ by 1.1% in the third quarter. Darrow Company Inc. now owns 38,431 shares of the exchange traded fund’s stock valued at $18,753,000 after acquiring an additional 407 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $522.92 on Monday. The company’s fifty day simple moving average is $521.26 and its two-hundred day simple moving average is $495.67. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.