Invesco QQQ (NASDAQ:QQQ) Shares Sold by Turim 21 Investimentos Ltda.

Turim 21 Investimentos Ltda. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,621 shares of the exchange traded fund's stock after selling 5,843 shares during the quarter. Invesco QQQ comprises 3.5% of Turim 21 Investimentos Ltda.'s holdings, making the stock its 10th biggest position. Turim 21 Investimentos Ltda.'s holdings in Invesco QQQ were worth $13,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp raised its position 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 purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $35,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after acquiring an additional 20 shares during the period. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $5.21 during trading hours on Friday, hitting $472.56. 38,606,996 shares of the stock traded hands, compared to its average volume of 36,566,733. The firm's 50 day moving average price is $475.73 and its 200-day moving average price is $500.14. The stock has a market capitalization of $302.39 billion, a price-to-earnings 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.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. 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.