Corient Private Wealth LLC Sells 5,594 Shares of Invesco QQQ (NASDAQ:QQQ)

Corient Private Wealth LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 323,655 shares of the exchange traded fund’s stock after selling 5,594 shares during the quarter. Corient Private Wealth LLC’s holdings in Invesco QQQ were worth $165,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Stephens Consulting LLC grew its position in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the period. Cardinal Point Capital Management ULC grew its position 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 worth $1,995,000 after acquiring an additional 20 shares during the period. 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 during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after buying an additional 20 shares during the period. Finally, RAM Investment Partners LLC boosted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after buying an additional 20 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

QQQ opened at $479.66 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business has a fifty day simple moving average of $514.89 and a 200-day simple moving average of $503.85. The firm has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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