Tranquility Partners LLC Sells 284 Shares of Invesco QQQ (NASDAQ:QQQ)

Tranquility Partners LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,831 shares of the exchange traded fund’s stock after selling 284 shares during the quarter. Tranquility Partners LLC’s holdings in Invesco QQQ were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. IMA Wealth Inc. lifted its holdings in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC lifted its holdings in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares in the last quarter. Cedrus LLC lifted its holdings in shares of Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its holdings in shares of Invesco QQQ by 2.8% during the fourth quarter. Hartford Financial Management Inc. now owns 960 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 26 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 1.2 %

Shares of NASDAQ:QQQ traded down $5.26 during midday trading on Wednesday, reaching $425.84. 56,285,592 shares of the company’s stock traded hands, compared to its average volume of 45,611,754. 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 $438.36 and a 200 day moving average of $407.27.

Invesco QQQ Announces Dividend

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 of this dividend 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.