Banco Bilbao Vizcaya Argentaria S.A. Sells 134,470 Shares of Invesco QQQ (NASDAQ:QQQ)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,375 shares of the exchange traded fund's stock after selling 134,470 shares during the quarter. Invesco QQQ comprises about 0.6% of Banco Bilbao Vizcaya Argentaria S.A.'s investment portfolio, making the stock its 27th biggest holding. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Invesco QQQ were worth $53,634,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. Senator Investment Group LP bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Artemis Wealth Advisors LLC raised its holdings in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $344,530,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $455.23 on Thursday. The stock has a market capitalization of $291.30 billion, a P/E ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The business has a fifty day moving average price of $477.15 and a 200-day moving average price of $500.25.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid 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.

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