Teamwork Financial Advisors LLC Has $484,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Teamwork Financial Advisors LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 946 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Invesco QQQ were worth $484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Hoese & Co LLP raised its position in 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 buying an additional 20 shares during the period. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter valued at about $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $69,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ opened at $532.64 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The company’s 50 day moving average price is $516.72 and its 200 day moving average price is $492.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.