Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 25 Shares of Invesco QQQ (NASDAQ:QQQ)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 5,425 shares of the exchange traded fund’s stock after selling 25 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Invesco QQQ were worth $2,262,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.4 %

Shares of NASDAQ:QQQ traded up $6.04 during midday trading on Tuesday, reaching $424.86. 26,636,700 shares of the company’s stock traded hands, compared to its average volume of 45,782,254. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The stock has a 50 day moving average of $437.27 and a 200 day moving average of $409.02.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.