Central Valley Advisors LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Central Valley Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the first quarter, Holdings Channel reports. The fund owned 3,293 shares of the exchange traded fund’s stock after selling 111 shares during the quarter. Central Valley Advisors LLC’s holdings in Invesco QQQ were worth $1,544,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QQQ. Proficio Capital Partners LLC boosted its holdings in shares of 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 purchasing an additional 11,478,188 shares during the period. Ameriprise Financial Inc. grew its stake in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. PNC Financial Services Group Inc. grew its position 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 worth $1,593,354,000 after buying an additional 27,115 shares in the last quarter. Commonwealth Equity Services LLC increased its position 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 valued at $1,239,886,000 after purchasing an additional 52,235 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after buying an additional 568,120 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

QQQ opened at $530.70 on Tuesday. The firm has a market cap of $332.56 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock has a fifty day moving average price of $484.30 and a 200-day moving average price of $502.02. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was 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.