Howe & Rusling Inc. Has $221,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Howe & Rusling Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 34.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 432 shares of the exchange traded fund’s stock after selling 229 shares during the period. Howe & Rusling Inc.’s holdings in Invesco QQQ were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of QQQ. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% during 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 purchasing an additional 46 shares in the last quarter. FMR LLC lifted its stake in Invesco QQQ by 1.7% in the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock valued at $379,751,000 after buying an additional 13,338 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Invesco QQQ by 13.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock worth $14,378,000 after buying an additional 3,553 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. Finally, Fiduciary Trust Co increased its stake in shares of Invesco QQQ by 4.4% in the 3rd quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock valued at $2,688,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Shares of NASDAQ QQQ opened at $481.62 on Friday. The firm has a market cap of $303.54 billion, a PE ratio of 30.74 and a beta of 1.11. The company’s fifty day simple moving average is $509.49 and its 200 day simple moving average is $504.67. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.