Tower Research Capital LLC TRC Sells 585,165 Shares of Invesco QQQ (NASDAQ:QQQ)

Tower Research Capital LLC TRC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 97.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,218 shares of the exchange traded fund's stock after selling 585,165 shares during the period. Tower Research Capital LLC TRC's holdings in Invesco QQQ were worth $7,780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. lifted its stake 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 in the last quarter. McIlrath & Eck LLC boosted its stake in Invesco QQQ by 15.9% in the 3rd quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock worth $9,868,000 after purchasing an additional 2,767 shares during the period. Advisory Resource Group grew its position in Invesco QQQ by 5.8% during the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock worth $7,056,000 after purchasing an additional 791 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of Invesco QQQ in the third quarter valued at $3,376,000. Finally, Anchor Investment Management LLC grew its holdings in shares of Invesco QQQ by 1.6% during the third quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock valued at $20,933,000 after buying an additional 693 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.7 %

NASDAQ QQQ traded up $12.13 during trading on Thursday, reaching $466.69. 30,086,809 shares of the company's stock were exchanged, compared to its average volume of 36,544,807. The firm has a market capitalization of $298.63 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company's fifty day simple moving average is $477.15 and its 200-day simple moving average is $500.25.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.