Valence8 US LP Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Valence8 US LP cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,798 shares of the exchange traded fund's stock after selling 4,351 shares during the quarter. Invesco QQQ comprises about 20.6% of Valence8 US LP's holdings, making the stock its 2nd largest position. Valence8 US LP's holdings in Invesco QQQ were worth $42,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Proficio Capital Partners LLC boosted its holdings in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Performance

NASDAQ QQQ traded down $25.49 during trading hours on Thursday, hitting $450.66. The company had a trading volume of 69,925,799 shares, compared to its average volume of 35,294,091. The firm has a market capitalization of $285.88 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a 50 day simple moving average of $503.59 and a 200 day simple moving average of $504.72.

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 given 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.