Invesco QQQ (NASDAQ:QQQ) Shares Sold by REDW Wealth LLC

REDW Wealth LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 51.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,232 shares of the exchange traded fund’s stock after selling 2,354 shares during the quarter. REDW Wealth LLC’s holdings in Invesco QQQ were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. increased its position in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC boosted its stake in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $2,911,000. Assetmark Inc. grew its holdings in shares of Invesco QQQ by 2.1% during the third quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock worth $13,112,000 after buying an additional 556 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 20.5% in the third quarter. Proficio Capital Partners LLC now owns 22,378 shares of the exchange traded fund’s stock valued at $10,922,000 after buying an additional 3,803 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $491.79 on Monday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. The stock has a fifty day moving average of $518.84 and a two-hundred day moving average of $504.14.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.