Dock Street Asset Management Inc. Has $1.27 Million Position in Invesco QQQ (NASDAQ:QQQ)

Dock Street Asset Management Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,109 shares of the exchange traded fund’s stock after selling 164 shares during the quarter. Invesco QQQ comprises 0.2% of Dock Street Asset Management Inc.’s portfolio, making the stock its 27th biggest holding. Dock Street Asset Management Inc.’s holdings in Invesco QQQ were worth $1,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of QQQ. Red Tortoise LLC lifted its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Invesco QQQ during the 4th quarter worth $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth $42,000. Core Wealth Advisors Inc. lifted its position in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Invesco QQQ during the 2nd quarter worth $44,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $0.79 on Thursday, hitting $426.63. 20,605,953 shares of the company’s stock were exchanged, compared to its average volume of 45,260,105. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34. The company has a 50 day moving average of $438.24 and a 200 day moving average of $407.40.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.