Lyell Wealth Management LP Sells 179 Shares of Invesco QQQ (NASDAQ:QQQ)

Lyell Wealth Management LP reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,238 shares of the exchange traded fund’s stock after selling 179 shares during the quarter. Lyell Wealth Management LP’s holdings in Invesco QQQ were worth $2,167,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QQQ. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP boosted its position 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 valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Finally, BNP Paribas bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $62,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $539.37 on Wednesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.00. The stock’s 50 day moving average is $523.07 and its 200 day moving average is $499.53.

Invesco QQQ Announces Dividend

The company 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.

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.