Brandywine Oak Private Wealth LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Brandywine Oak Private Wealth LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,321 shares of the exchange traded fund’s stock after selling 759 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Invesco QQQ were worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Red Tortoise LLC boosted its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial acquired a new stake in Invesco QQQ during the 4th quarter worth $41,000. Bear Mountain Capital Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth $42,000. Core Wealth Advisors Inc. boosted its stake in 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 purchasing an additional 30 shares during the period. Finally, Hexagon Capital Partners LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $53,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.7 %

NASDAQ:QQQ traded down $3.04 during trading hours on Wednesday, reaching $421.55. 11,662,181 shares of the company’s stock were exchanged, compared to its average volume of 45,489,293. The company has a 50-day moving average of $436.86 and a 200 day moving average of $411.54. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, March 18th.

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.