Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ehrlich Financial Group

Ehrlich Financial Group decreased its position in Invesco QQQ (NASDAQ:QQQ) by 40.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,761 shares of the exchange traded fund’s stock after selling 1,195 shares during the quarter. Ehrlich Financial Group’s holdings in Invesco QQQ were worth $900,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. Legacy Bridge LLC raised its stake in 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 buying an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Invesco QQQ by 75.9% during 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 acquiring an additional 63 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Invesco QQQ during the second quarter worth $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ in the third quarter worth $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $505.56 on Tuesday. The company’s fifty day moving average is $515.32 and its two-hundred day moving average is $491.29. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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