Invesco QQQ (NASDAQ:QQQ) Stock Position Decreased by WorthPointe LLC

WorthPointe LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 58.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,022 shares of the exchange traded fund’s stock after selling 2,796 shares during the period. Invesco QQQ comprises about 0.4% of WorthPointe LLC’s investment portfolio, making the stock its 29th biggest holding. WorthPointe LLC’s holdings in Invesco QQQ were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $51,000. Finally, Creative Capital Management Investments LLC grew its position in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 111 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.0 %

Shares of NASDAQ:QQQ opened at $490.66 on Tuesday. The company’s 50-day moving average price is $511.00 and its 200 day moving average price is $504.66. The company has a market cap of $309.24 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

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

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.