Paradigm Strategies in Wealth Management LLC Sells 33 Shares of Invesco QQQ (NASDAQ:QQQ)

Paradigm Strategies in Wealth Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 899 shares of the exchange traded fund’s stock after selling 33 shares during the period. Paradigm Strategies in Wealth Management LLC’s holdings in Invesco QQQ were worth $460,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% in 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 during the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Pacifica Partners Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at about $73,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the last quarter. Finally, Providence Capital Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter valued at about $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $513.08 on Friday. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15. The firm has a 50 day moving average price of $515.79 and a two-hundred day moving average price of $491.65.

Invesco QQQ Dividend Announcement

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