Tyler Stone Wealth Management Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Tyler Stone Wealth Management trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,237 shares of the exchange traded fund’s stock after selling 190 shares during the period. Invesco QQQ makes up approximately 0.9% of Tyler Stone Wealth Management’s portfolio, making the stock its 24th largest holding. Tyler Stone Wealth Management’s holdings in Invesco QQQ were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QQQ. Arlington Capital Management Inc. raised its stake in shares of Invesco QQQ by 6.5% during the 4th quarter. Arlington Capital Management Inc. now owns 2,544 shares of the exchange traded fund’s stock worth $1,300,000 after buying an additional 156 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $113,000. Excalibur Management Corp grew its holdings in Invesco QQQ by 11.4% during the fourth quarter. Excalibur Management Corp now owns 1,371 shares of the exchange traded fund’s stock worth $701,000 after acquiring an additional 140 shares during the period. Core Wealth Partners LLC raised its position in Invesco QQQ by 3.7% in the fourth quarter. Core Wealth Partners LLC now owns 2,200 shares of the exchange traded fund’s stock worth $1,124,000 after acquiring an additional 78 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its holdings in Invesco QQQ by 9.1% in the fourth quarter. Ausdal Financial Partners Inc. now owns 29,215 shares of the exchange traded fund’s stock valued at $14,936,000 after acquiring an additional 2,443 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $493.46 on Wednesday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The firm has a market capitalization of $311.00 billion, a P/E ratio of 30.74 and a beta of 1.11. The company’s fifty day moving average is $510.77 and its two-hundred day moving average is $504.97.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.