Baxter Bros Inc. Sells 70 Shares of Invesco QQQ (NASDAQ:QQQ)

Baxter Bros Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,126 shares of the exchange traded fund’s stock after selling 70 shares during the period. Baxter Bros Inc.’s holdings in Invesco QQQ were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $490.66 on Tuesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm’s 50-day simple moving average is $511.00 and its 200 day simple moving average is $504.66. The firm has a market cap of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

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 given a $0.7157 dividend. The ex-dividend date 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.