Rareview Capital LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,480 shares of the exchange traded fund's stock after selling 1,592 shares during the period. Invesco QQQ makes up about 5.6% of Rareview Capital LLC's holdings, making the stock its 4th biggest position. Rareview Capital LLC's holdings in Invesco QQQ were worth $7,555,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter worth $51,000. Finally, Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
QQQ stock traded up $11.32 during trading on Friday, hitting $479.66. 43,464,229 shares of the company traded hands, compared to its average volume of 34,911,953. The firm has a market capitalization of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a 50-day moving average of $514.89 and a 200-day moving average of $503.85.
Invesco QQQ Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.
Invesco QQQ Company Profile
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Free Report)
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.
Further Reading
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