Invesco QQQ (NASDAQ:QQQ) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 77.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the exchange traded fund’s stock after selling 3,343 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Invesco QQQ were worth $410,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Red Tortoise LLC increased its stake in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $4.17 during mid-day trading on Monday, reaching $418.82. 47,652,775 shares of the stock were exchanged, compared to its average volume of 46,038,004. The business’s 50 day moving average is $437.27 and its 200-day moving average is $409.02. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, March 18th.

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.