Cutter & CO Brokerage Inc. Sells 104 Shares of Invesco QQQ (NASDAQ:QQQ)

Cutter & CO Brokerage Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,357 shares of the exchange traded fund’s stock after selling 104 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Invesco QQQ were worth $2,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after buying an additional 895,277 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the last quarter. Finally, Bell Bank lifted its position in shares of Invesco QQQ by 112.7% during the 4th quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after buying an additional 201,918 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.3 %

Shares of QQQ stock opened at $513.32 on Wednesday. The company has a market cap of $326.50 billion, a P/E ratio of 33.43 and a beta of 1.09. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The business has a fifty day simple moving average of $522.57 and a 200 day simple moving average of $502.54.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.