Modus Advisors LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Modus Advisors LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,602 shares of the exchange traded fund’s stock after selling 363 shares during the quarter. Invesco QQQ makes up 1.9% of Modus Advisors LLC’s portfolio, making the stock its 16th biggest holding. Modus Advisors LLC’s holdings in Invesco QQQ were worth $5,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Legacy Bridge LLC lifted its stake 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 valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ during the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Providence Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the second quarter worth $76,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at $91,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6 %

NASDAQ QQQ traded up $3.11 during trading hours on Friday, hitting $513.34. The company had a trading volume of 7,168,753 shares, compared to its average volume of 20,564,809. Invesco QQQ has a fifty-two week low of $395.34 and a fifty-two week high of $539.15. The firm’s 50 day moving average is $512.17 and its 200 day moving average is $489.54.

Invesco QQQ Announces Dividend

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