WorthPointe LLC Sells 2,796 Shares of Invesco QQQ (NASDAQ:QQQ)

WorthPointe LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 58.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,022 shares of the exchange traded fund's stock after selling 2,796 shares during the quarter. Invesco QQQ makes up approximately 0.4% of WorthPointe LLC's holdings, making the stock its 29th biggest holding. WorthPointe LLC's holdings in Invesco QQQ were worth $1,034,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after acquiring an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $28,729,000. Garden State Investment Advisory Services LLC raised its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its stake in shares of Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after acquiring an additional 6,518 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Trading Down 2.0 %

Shares of QQQ traded down $9.39 during mid-day trading on Friday, hitting $472.23. 17,978,530 shares of the company traded hands, compared to its average volume of 34,799,753. The stock has a market capitalization of $297.62 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business has a 50-day moving average of $509.49 and a 200 day moving average of $504.67. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders 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 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.