Invesco QQQ (NASDAQ:QQQ) Shares Sold by Centric Wealth Management

Centric Wealth Management lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,251 shares of the exchange traded fund’s stock after selling 242 shares during the quarter. Invesco QQQ comprises about 1.1% of Centric Wealth Management’s investment portfolio, making the stock its 17th biggest position. Centric Wealth Management’s holdings in Invesco QQQ were worth $4,218,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Stephens Consulting LLC grew its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC raised its holdings in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

QQQ stock opened at $468.92 on Tuesday. The firm has a market cap of $297.46 billion, a PE ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a fifty day simple moving average of $507.38 and a 200 day simple moving average of $505.32.

Invesco QQQ Cuts Dividend

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

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.