Invesco QQQ (NASDAQ:QQQ) Shares Sold by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 44.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,544 shares of the exchange traded fund’s stock after selling 4,402 shares during the quarter. Invesco QQQ comprises about 2.3% of Madison Park Capital Advisors LLC’s holdings, making the stock its 16th biggest holding. Madison Park Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Invesco QQQ by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after purchasing an additional 125 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Invesco QQQ by 1.0% during the second quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock valued at $1,173,000 after acquiring an additional 25 shares during the last quarter. Royal Capital Wealth Management LLC raised its stake in shares of Invesco QQQ by 5.3% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 7,230 shares of the exchange traded fund’s stock valued at $3,464,000 after acquiring an additional 366 shares during the period. Point72 Europe London LLP lifted its holdings in shares of Invesco QQQ by 13.2% in the 2nd quarter. Point72 Europe London LLP now owns 119,927 shares of the exchange traded fund’s stock worth $57,458,000 after acquiring an additional 14,014 shares during the last quarter. Finally, Trinity Legacy Partners LLC lifted its holdings in shares of Invesco QQQ by 24.9% in the 2nd quarter. Trinity Legacy Partners LLC now owns 1,612 shares of the exchange traded fund’s stock worth $772,000 after acquiring an additional 321 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.3 %

Invesco QQQ stock opened at $531.51 on Thursday. The firm has a 50 day moving average price of $516.33 and a 200 day moving average price of $492.54. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.