Elevated Capital Advisors LLC Sells 13,591 Shares of Invesco QQQ (NASDAQ:QQQ)

Elevated Capital Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 73.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,912 shares of the exchange traded fund’s stock after selling 13,591 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heritage Wealth Partners LLC boosted its stake in Invesco QQQ by 0.5% during the fourth quarter. Heritage Wealth Partners LLC now owns 10,104 shares of the exchange traded fund’s stock worth $5,166,000 after buying an additional 52 shares in the last quarter. Eastern Bank boosted its position in shares of Invesco QQQ by 1.9% during the 4th quarter. Eastern Bank now owns 13,845 shares of the exchange traded fund’s stock valued at $7,078,000 after acquiring an additional 258 shares in the last quarter. Consilio Wealth Advisors LLC increased its stake in Invesco QQQ by 0.6% in the fourth quarter. Consilio Wealth Advisors LLC now owns 34,274 shares of the exchange traded fund’s stock valued at $17,522,000 after acquiring an additional 212 shares during the period. Claro Advisors LLC raised its position in Invesco QQQ by 1.6% in the fourth quarter. Claro Advisors LLC now owns 24,873 shares of the exchange traded fund’s stock worth $12,716,000 after purchasing an additional 381 shares in the last quarter. Finally, Abound Wealth Management lifted its stake in Invesco QQQ by 1.8% during the fourth quarter. Abound Wealth Management now owns 2,848 shares of the exchange traded fund’s stock worth $1,456,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

NASDAQ QQQ opened at $505.56 on Tuesday. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15. The stock’s 50 day moving average is $515.32 and its two-hundred day moving average is $491.29.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.