Invesco QQQ (NASDAQ:QQQ) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 96.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449 shares of the exchange traded fund's stock after selling 11,564 shares during the period. Greenland Capital Management LP's holdings in Invesco QQQ were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in QQQ. PayPay Securities Corp boosted 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 valued at $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% during the 4th 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 in the 4th quarter valued at about $51,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded up $8.22 during trading on Friday, hitting $454.40. 52,407,577 shares of the company traded hands, compared to its average volume of 36,790,843. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market cap of $283.95 billion, a PE ratio of 30.05 and a beta of 1.11. The stock's 50-day simple moving average is $490.33 and its 200 day simple moving average is $502.54.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.