Warwick Investment Management Inc. Sells 10,930 Shares of Invesco QQQ (NASDAQ:QQQ)

Warwick Investment Management Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,173 shares of the exchange traded fund's stock after selling 10,930 shares during the period. Invesco QQQ makes up about 4.0% of Warwick Investment Management Inc.'s holdings, making the stock its 4th biggest holding. Warwick Investment Management Inc.'s holdings in Invesco QQQ were worth $19,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC grew its position in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Invesco QQQ by 13.0% in the 3rd 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 in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock valued at $350,764,000 after acquiring an additional 324,948 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $471.60 on Wednesday. The stock has a market capitalization of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11. The business's fifty day moving average price is $517.19 and its 200 day moving average price is $504.07. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

Remove Ads

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.