Rockport Wealth LLC Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Rockport Wealth LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 99.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 760 shares of the exchange traded fund’s stock after selling 97,824 shares during the period. Rockport Wealth LLC’s holdings in Invesco QQQ were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at about $6,155,000. GWN Securities Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $9,155,000. Patten & Patten Inc. TN boosted its holdings in shares of Invesco QQQ by 1.3% during the fourth quarter. Patten & Patten Inc. TN now owns 3,843 shares of the exchange traded fund’s stock worth $1,965,000 after purchasing an additional 51 shares during the period. CV Advisors LLC boosted its holdings in shares of Invesco QQQ by 8.4% during the fourth quarter. CV Advisors LLC now owns 26,572 shares of the exchange traded fund’s stock worth $13,556,000 after purchasing an additional 2,055 shares during the period. Finally, Intrepid Financial Planning Group LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $1,726,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.4 %

Invesco QQQ stock opened at $479.66 on Monday. The firm has a 50-day moving average of $514.89 and a 200-day moving average of $504.08. The firm has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.