Sharp Financial Services LLC Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

Sharp Financial Services LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 93.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 728 shares of the exchange traded fund’s stock after selling 9,601 shares during the quarter. Sharp Financial Services LLC’s holdings in Invesco QQQ were worth $372,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC raised its position in Invesco QQQ by 7.4% in the fourth quarter. Evolution Wealth Advisors LLC now owns 35,548 shares of the exchange traded fund’s stock valued at $18,174,000 after purchasing an additional 2,456 shares during the period. Marino Stram & Associates LLC raised its position in Invesco QQQ by 1.3% in the fourth quarter. Marino Stram & Associates LLC now owns 8,665 shares of the exchange traded fund’s stock valued at $4,430,000 after purchasing an additional 113 shares during the period. Magnus Financial Group LLC raised its position in Invesco QQQ by 462.4% in the fourth quarter. Magnus Financial Group LLC now owns 11,538 shares of the exchange traded fund’s stock valued at $5,899,000 after purchasing an additional 14,722 shares during the period. Daymark Wealth Partners LLC raised its position in Invesco QQQ by 10.2% in the fourth quarter. Daymark Wealth Partners LLC now owns 18,803 shares of the exchange traded fund’s stock valued at $9,613,000 after purchasing an additional 1,743 shares during the period. Finally, Investment Advisory Group LLC raised its position in Invesco QQQ by 5.0% in the fourth quarter. Investment Advisory Group LLC now owns 5,498 shares of the exchange traded fund’s stock valued at $2,811,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $531.51 on Thursday. The stock’s 50-day moving average price is $516.33 and its 200 day moving average price is $492.54. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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 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.