Rareview Capital LLC Trims Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Rareview Capital LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,480 shares of the exchange traded fund's stock after selling 1,592 shares during the quarter. Invesco QQQ makes up approximately 5.6% of Rareview Capital LLC's portfolio, making the stock its 4th largest position. Rareview Capital LLC's holdings in Invesco QQQ were worth $7,555,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after buying an additional 46 shares during the period. Pettinga Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund's stock worth $7,553,000 after buying an additional 1,854 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Invesco QQQ by 7.7% in the third quarter. Huntington National Bank now owns 36,185 shares of the exchange traded fund's stock worth $17,661,000 after buying an additional 2,581 shares in the last quarter. Balboa Wealth Partners purchased a new stake in shares of Invesco QQQ in the third quarter worth about $6,254,000. Finally, Black Diamond Financial LLC raised its stake in Invesco QQQ by 0.5% in the third quarter. Black Diamond Financial LLC now owns 5,210 shares of the exchange traded fund's stock valued at $2,543,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Performance

QQQ traded up $11.32 on Friday, reaching $479.66. The company had a trading volume of 43,464,229 shares, compared to its average volume of 34,911,953. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The business has a 50 day simple moving average of $514.89 and a 200 day simple moving average of $503.85. The company has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.