Trinity Wealth Management LLC Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Trinity Wealth Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the fourth quarter, HoldingsChannel reports. The fund owned 36,360 shares of the exchange traded fund’s stock after selling 2,458 shares during the quarter. Invesco QQQ comprises 8.9% of Trinity Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Trinity Wealth Management LLC’s holdings in Invesco QQQ were worth $14,890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management grew its holdings in Invesco QQQ by 23.0% during the 4th quarter. Ritholtz Wealth Management now owns 391,256 shares of the exchange traded fund’s stock valued at $160,227,000 after buying an additional 73,060 shares in the last quarter. Everett Harris & Co. CA purchased a new position in shares of Invesco QQQ during the fourth quarter worth about $8,799,000. Accel Wealth Management grew its holdings in shares of Invesco QQQ by 1.5% during the fourth quarter. Accel Wealth Management now owns 8,046 shares of the exchange traded fund’s stock worth $3,295,000 after purchasing an additional 115 shares in the last quarter. Trueblood Wealth Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter worth about $241,000. Finally, FLC Capital Advisors grew its holdings in shares of Invesco QQQ by 8.8% during the fourth quarter. FLC Capital Advisors now owns 2,572 shares of the exchange traded fund’s stock worth $1,053,000 after purchasing an additional 207 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

QQQ traded down $0.82 during midday trading on Thursday, hitting $444.01. The stock had a trading volume of 36,607,437 shares, compared to its average volume of 44,988,266. The business has a fifty day moving average of $433.84 and a 200 day moving average of $399.66. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.