Invesco QQQ (NASDAQ:QQQ) Stock Holdings Trimmed by Valence8 US LP

Valence8 US LP cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,798 shares of the exchange traded fund’s stock after selling 4,351 shares during the quarter. Invesco QQQ comprises 20.6% of Valence8 US LP’s holdings, making the stock its 2nd largest position. Valence8 US LP’s holdings in Invesco QQQ were worth $42,840,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. increased its position in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the period. Flow Traders U.S. LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at about $791,000. Ingalls & Snyder LLC increased its holdings in shares of Invesco QQQ by 7.4% in the third quarter. Ingalls & Snyder LLC now owns 3,161 shares of the exchange traded fund’s stock valued at $1,543,000 after purchasing an additional 219 shares during the period. Murchinson Ltd. acquired a new position in shares of Invesco QQQ in the third quarter valued at about $30,504,000. Finally, Polymer Capital Management HK LTD raised its stake in shares of Invesco QQQ by 23.3% in the third quarter. Polymer Capital Management HK LTD now owns 1,911 shares of the exchange traded fund’s stock worth $933,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ QQQ opened at $476.15 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market cap of $302.05 billion, a P/E ratio of 30.05 and a beta of 1.18. The business’s 50 day moving average price is $505.23 and its 200 day moving average price is $505.09.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. 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.