Prism Advisors Inc. Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Prism Advisors Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,029 shares of the exchange traded fund’s stock after selling 1,187 shares during the quarter. Invesco QQQ comprises about 2.5% of Prism Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding. Prism Advisors Inc.’s holdings in Invesco QQQ were worth $8,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its holdings in shares of 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 buying an additional 45 shares during the period. BNP Paribas purchased a new position in shares of Invesco QQQ in the 3rd quarter worth $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at $73,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $513.93 on Tuesday. The business’s 50-day moving average is $517.86 and its two-hundred day moving average is $493.21. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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 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.