Vance Wealth Inc. Sells 650 Shares of Invesco QQQ (NASDAQ:QQQ)

Vance Wealth Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,668 shares of the exchange traded fund’s stock after selling 650 shares during the quarter. Invesco QQQ accounts for approximately 2.1% of Vance Wealth Inc.’s holdings, making the stock its 12th biggest holding. Vance Wealth Inc.’s holdings in Invesco QQQ were worth $4,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the 4th quarter worth about $42,000. Core Wealth Advisors Inc. grew its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. grew its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

NASDAQ:QQQ traded up $6.55 during mid-day trading on Friday, reaching $431.00. 41,874,907 shares of the company were exchanged, compared to its average volume of 47,550,872. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34. The company has a fifty day moving average of $436.88 and a 200 day moving average of $410.40.

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 dividend on an annualized basis and a yield of 0.53%. 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.