Vigilare Wealth Management Sells 355 Shares of Invesco QQQ (NASDAQ:QQQ)

Vigilare Wealth Management reduced its position in Invesco QQQ (NASDAQ:QQQ) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,761 shares of the exchange traded fund’s stock after selling 355 shares during the period. Invesco QQQ accounts for about 0.6% of Vigilare Wealth Management’s portfolio, making the stock its 24th largest position. Vigilare Wealth Management’s holdings in Invesco QQQ were worth $1,411,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded down $2.10 on Monday, reaching $505.09. 26,128,728 shares of the company were exchanged, compared to its average volume of 33,527,445. The company has a 50-day moving average of $514.92 and a 200-day moving average of $491.12. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.