Insight Wealth Strategies LLC Sells 678 Shares of Invesco QQQ (NASDAQ:QQQ)

Insight Wealth Strategies LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,081 shares of the exchange traded fund’s stock after selling 678 shares during the period. Insight Wealth Strategies LLC’s holdings in Invesco QQQ were worth $2,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northeast Investment Management increased its position in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the last quarter. Planning Capital Management Corp grew its stake in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. increased its position in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. raised its stake in shares of Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares during the period. Finally, Meridian Management Co. boosted its holdings in shares of Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded up $3.82 during trading on Monday, hitting $522.40. 25,394,458 shares of the company traded hands, compared to its average volume of 29,870,969. Invesco QQQ has a one year low of $397.84 and a one year high of $539.15. The stock’s fifty day moving average is $512.63 and its 200 day moving average is $489.84.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.