Birchcreek Wealth Management LLC Has $1.87 Million Position in Invesco QQQ (NASDAQ:QQQ)

Birchcreek Wealth Management LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 4,573 shares of the exchange traded fund’s stock after selling 265 shares during the quarter. Invesco QQQ comprises approximately 1.1% of Birchcreek Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Birchcreek Wealth Management LLC’s holdings in Invesco QQQ were worth $1,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Invesco QQQ during the third quarter worth approximately $173,000. Whelan Financial lifted its holdings in shares of Invesco QQQ by 3.2% during the third quarter. Whelan Financial now owns 1,185 shares of the exchange traded fund’s stock worth $424,000 after buying an additional 37 shares in the last quarter. Cavalier Investments LLC boosted its position in shares of Invesco QQQ by 67.2% in the third quarter. Cavalier Investments LLC now owns 40,404 shares of the exchange traded fund’s stock valued at $14,476,000 after acquiring an additional 16,233 shares during the period. Commonwealth Equity Services LLC increased its position in Invesco QQQ by 5.2% during the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock worth $828,368,000 after acquiring an additional 114,095 shares during the period. Finally, LFA Lugano Financial Advisors SA raised its stake in Invesco QQQ by 1.7% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 4,196 shares of the exchange traded fund’s stock worth $1,503,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

Shares of QQQ stock traded up $2.16 during trading on Monday, hitting $433.16. The company had a trading volume of 16,892,095 shares, compared to its average volume of 45,775,203. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34. The stock’s 50-day moving average price is $436.88 and its 200 day moving average price is $410.68.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, March 18th.

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.