Invesco QQQ (NASDAQ:QQQ) Shares Sold by 49 Wealth Management LLC

49 Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,891 shares of the exchange traded fund’s stock after selling 153 shares during the period. 49 Wealth Management LLC’s holdings in Invesco QQQ were worth $1,478,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC increased its position in Invesco QQQ by 51,292.3% during 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 buying an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC increased its position in Invesco QQQ by 47,853.9% during the fourth 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 period. NWI Management LP increased its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares during the period. Senator Investment Group LP acquired a new position in Invesco QQQ during the fourth quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC increased its position in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after buying an additional 895,277 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.4%

QQQ opened at $513.04 on Thursday. The firm has a market cap of $321.50 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business’s 50 day moving average is $473.52 and its two-hundred day moving average is $500.61.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was 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.