From MarketBeat:

Richmond Brothers Inc. decreased its position in shares of Invesco QQQ by 8.8% in the third quarter, owning 46,638 shares valued at $16,718,000. Other larger investors also made moves, including Signature Estate & Investment Advisors LLC, Fusion Capital LLC, Retirement Guys Formula LLC, ML & R Wealth Management LLC, and 180 Wealth Advisors LLC.

In mid-day trading on Friday, QQQ stock traded up $8.19 to $421.18. 70,325,123 shares were exchanged. Invesco QQQ has a twelve month low of $275.71 and a twelve month high of $421.34. The firm also disclosed a None dividend, paying shareholders $0.2158 per share on January 15th.

PowerShares QQQ Trust, Series 1, issues securities called Nasdaq-100 Index Tracking Stock. The Trust aims to match the price and yield performance of the Nasdaq-100 Index. It allows investors to purchase units of beneficial interest representing proportionate undivided interests in the Trust’s portfolio of securities.

MarketBeat provides the latest 13F filings and insider trades for Invesco QQQ. You can visit HoldingsChannel.com to get more information. Keep in mind that the news alert was generated by narrative science technology and financial data from MarketBeat, reviewed by their editorial team. The company offers a free report and access to additional stocks through a newsletter.

Finally, before considering Invesco QQQ, take into account that while it has a “hold” rating among analysts, top-rated analysts believe that there are five stocks that are better buys. MarketBeat can send you a list of seven stocks and why their long-term outlooks are very promising.



Read more: Invesco QQQ (NASDAQ:QQQ) Shares Sold by Richmond Brothers Inc.