Invesco QQQ (NASDAQ:QQQ) Holdings Lowered by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 75.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,874 shares of the exchange traded fund's stock after selling 11,926 shares during the period. TRUE Private Wealth Advisors' holdings in Invesco QQQ were worth $1,981,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QQQ. Stephens Consulting LLC grew its stake in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after buying an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC boosted its holdings in shares of Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after acquiring an additional 20 shares during the period. Hoese & Co LLP grew its position 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 during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after acquiring an additional 20 shares during the period. Finally, RAM Investment Partners LLC increased its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.8 %

NASDAQ QQQ traded up $8.22 on Friday, hitting $454.40. The stock had a trading volume of 52,407,577 shares, compared to its average volume of 36,790,843. The company's 50-day moving average is $490.33 and its two-hundred day moving average is $502.54. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock has a market cap of $283.95 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date 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.