Tower Wealth Partners Inc. Sells 180 Shares of Invesco QQQ (NASDAQ:QQQ)

Tower Wealth Partners Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 4.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,047 shares of the exchange traded fund’s stock after selling 180 shares during the period. Invesco QQQ accounts for 1.1% of Tower Wealth Partners Inc.’s holdings, making the stock its 16th largest holding. Tower Wealth Partners Inc.’s holdings in Invesco QQQ were worth $2,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Midland Wealth Advisors LLC grew its position in shares of Invesco QQQ by 12.9% in the 4th quarter. Midland Wealth Advisors LLC now owns 6,560 shares of the exchange traded fund’s stock worth $3,354,000 after buying an additional 752 shares during the last quarter. FWG Holdings LLC raised its stake in Invesco QQQ by 1.9% in the fourth quarter. FWG Holdings LLC now owns 35,035 shares of the exchange traded fund’s stock worth $18,152,000 after buying an additional 642 shares in the last quarter. EPIQ Capital Group LLC raised its position in shares of Invesco QQQ by 38.2% in the 4th quarter. EPIQ Capital Group LLC now owns 6,902 shares of the exchange traded fund’s stock worth $3,529,000 after acquiring an additional 1,907 shares in the last quarter. Main Street Research LLC lifted its stake in shares of Invesco QQQ by 72.7% in the 4th quarter. Main Street Research LLC now owns 1,029 shares of the exchange traded fund’s stock valued at $526,000 after purchasing an additional 433 shares during the period. Finally, Fairscale Capital LLC boosted its position in shares of Invesco QQQ by 1.0% during the fourth quarter. Fairscale Capital LLC now owns 4,304 shares of the exchange traded fund’s stock valued at $2,200,000 after purchasing an additional 44 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.7 %

Shares of Invesco QQQ stock opened at $491.79 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The firm has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. The business has a fifty day simple moving average of $518.84 and a two-hundred day simple moving average of $504.14.

Invesco QQQ Dividend Announcement

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

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.