Invesco QQQ (NASDAQ:QQQ) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,046 shares of the exchange traded fund's stock after selling 93,134 shares during the quarter. Invesco QQQ comprises approximately 2.9% of IHT Wealth Management LLC's investment portfolio, making the stock its 2nd biggest position. IHT Wealth Management LLC's holdings in Invesco QQQ were worth $88,977,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QQQ. J. Safra Sarasin Holding AG grew its position in Invesco QQQ by 44.5% in the fourth quarter. J. Safra Sarasin Holding AG now owns 11,311 shares of the exchange traded fund's stock worth $5,790,000 after acquiring an additional 3,484 shares during the period. Stifel Financial Corp lifted its stake in shares of Invesco QQQ by 3.7% in the 4th quarter. Stifel Financial Corp now owns 903,654 shares of the exchange traded fund's stock valued at $462,039,000 after purchasing an additional 32,321 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Invesco QQQ by 0.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 46,953 shares of the exchange traded fund's stock worth $24,004,000 after purchasing an additional 409 shares during the period. Optivise Advisory Services LLC increased its position in shares of Invesco QQQ by 16.7% during the 4th quarter. Optivise Advisory Services LLC now owns 3,345 shares of the exchange traded fund's stock worth $1,710,000 after purchasing an additional 479 shares during the last quarter. Finally, Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $679,936,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.4 %

NASDAQ QQQ traded up $10.75 during trading hours on Wednesday, reaching $455.23. The company had a trading volume of 55,410,820 shares, compared to its average volume of 36,571,187. The stock has a market capitalization of $291.30 billion, a P/E ratio of 28.58 and a beta of 1.11. The stock has a 50-day moving average of $477.15 and a 200 day moving average of $500.25. Invesco QQQ has a 1-year low of $402.39 and a 1-year 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 issued a $0.7157 dividend. The ex-dividend date of this dividend 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.