Invesco QQQ (NASDAQ:QQQ) Stake Lessened by PPS&V Asset Management Consultants Inc.

PPS&V Asset Management Consultants Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 51,173 shares of the exchange traded fund’s stock after selling 654 shares during the quarter. Invesco QQQ makes up 17.7% of PPS&V Asset Management Consultants Inc.’s investment portfolio, making the stock its 2nd largest position. PPS&V Asset Management Consultants Inc.’s holdings in Invesco QQQ were worth $26,161,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Eastern Bank boosted its position in shares of Invesco QQQ by 1.9% in the fourth quarter. Eastern Bank now owns 13,845 shares of the exchange traded fund’s stock worth $7,078,000 after purchasing an additional 258 shares during the period. Consilio Wealth Advisors LLC grew its position in shares of Invesco QQQ by 0.6% during the fourth quarter. Consilio Wealth Advisors LLC now owns 34,274 shares of the exchange traded fund’s stock valued at $17,522,000 after purchasing an additional 212 shares in the last quarter. Claro Advisors LLC lifted its position in shares of Invesco QQQ by 1.6% in the fourth quarter. Claro Advisors LLC now owns 24,873 shares of the exchange traded fund’s stock worth $12,716,000 after buying an additional 381 shares in the last quarter. Abound Wealth Management grew its holdings in Invesco QQQ by 1.8% during the 4th quarter. Abound Wealth Management now owns 2,848 shares of the exchange traded fund’s stock valued at $1,456,000 after buying an additional 50 shares in the last quarter. Finally, Accelerate Investment Advisors LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $246,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Shares of QQQ stock traded down $2.10 on Monday, reaching $505.09. The company’s stock had a trading volume of 26,128,728 shares, compared to its average volume of 33,527,445. The stock’s fifty day simple moving average is $514.92 and its 200-day simple moving average is $491.12. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.