Paladin Advisory Group LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Paladin Advisory Group LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,468 shares of the exchange traded fund’s stock after selling 299 shares during the quarter. Invesco QQQ accounts for about 2.5% of Paladin Advisory Group LLC’s investment portfolio, making the stock its 11th largest holding. Paladin Advisory Group LLC’s holdings in Invesco QQQ were worth $3,307,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQ. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% during the third 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 Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the fourth quarter valued at about $69,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of NASDAQ QQQ opened at $520.83 on Thursday. The stock has a fifty day moving average price of $518.51 and a two-hundred day moving average price of $493.56. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed 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 of this dividend 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.