Verdence Capital Advisors LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Verdence Capital Advisors LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,615 shares of the exchange traded fund’s stock after selling 64 shares during the period. Verdence Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its position in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Barclays PLC boosted its holdings in shares of Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after buying an additional 52,019 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.1 %

Shares of Invesco QQQ stock traded down $8.76 during trading hours on Friday, hitting $414.65. The company had a trading volume of 75,230,990 shares, compared to its average volume of 42,307,272. The company’s 50-day moving average is $437.60 and its two-hundred day moving average is $408.25. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.55%. 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.