WealthShield Partners LLC Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

WealthShield Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 30.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,029 shares of the exchange traded fund’s stock after selling 446 shares during the quarter. WealthShield Partners LLC’s holdings in Invesco QQQ were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. 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 worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the 4th 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. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC grew 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.2 %

Shares of QQQ stock opened at $519.87 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock’s 50-day moving average price is $523.02 and its 200-day moving average price is $502.10.

Invesco QQQ Dividend Announcement

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