Grassi Investment Management Sells 78 Shares of Invesco QQQ (NASDAQ:QQQ)

Grassi Investment Management reduced its position in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,239 shares of the exchange traded fund’s stock after selling 78 shares during the period. Grassi Investment Management’s holdings in Invesco QQQ were worth $5,746,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in Invesco QQQ during the third quarter worth $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $2.85 during trading hours on Monday, hitting $504.34. 24,157,436 shares of the company traded hands, compared to its average volume of 33,270,887. The firm’s 50-day simple moving average is $514.92 and its 200-day simple moving average is $491.12. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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

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.