TRUE Private Wealth Advisors Sells 11,926 Shares of Invesco QQQ (NASDAQ:QQQ)

TRUE Private Wealth Advisors reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 75.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,874 shares of the exchange traded fund’s stock after selling 11,926 shares during the period. TRUE Private Wealth Advisors’ holdings in Invesco QQQ were worth $1,981,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Waddell & Associates LLC lifted its holdings in shares of Invesco QQQ by 14.4% in the 4th quarter. Waddell & Associates LLC now owns 1,868 shares of the exchange traded fund’s stock worth $955,000 after buying an additional 235 shares during the period. Texas Yale Capital Corp. raised its holdings in shares of Invesco QQQ by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 58,067 shares of the exchange traded fund’s stock valued at $29,685,000 after acquiring an additional 415 shares in the last quarter. Faithward Advisors LLC lifted its stake in Invesco QQQ by 12.9% in the fourth quarter. Faithward Advisors LLC now owns 7,967 shares of the exchange traded fund’s stock worth $4,073,000 after acquiring an additional 913 shares during the period. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $4,623,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $2,525,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.8 %

Invesco QQQ stock opened at $416.06 on Wednesday. The firm has a market cap of $263.70 billion, a P/E ratio of 30.05 and a beta of 1.11. The business has a fifty day moving average of $495.43 and a two-hundred day moving average of $503.31. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a dividend of $0.7157 per share. 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.