WorthPointe LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

WorthPointe LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 58.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,022 shares of the exchange traded fund’s stock after selling 2,796 shares during the period. Invesco QQQ makes up about 0.4% of WorthPointe LLC’s holdings, making the stock its 29th biggest holding. WorthPointe LLC’s holdings in Invesco QQQ were worth $1,034,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $51,000. Finally, Creative Capital Management Investments LLC lifted its position in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 111 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $490.66 on Tuesday. The stock has a 50-day simple moving average of $511.00 and a 200 day simple moving average of $504.66. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is 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.