Forvis Mazars Wealth Advisors LLC Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Forvis Mazars Wealth Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,680 shares of the exchange traded fund’s stock after selling 3,964 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Toronto Dominion Bank increased its stake in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its position in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after buying an additional 13,772 shares in the last quarter. Stifel Financial Corp grew its position in shares of Invesco QQQ by 0.3% during the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after buying an additional 2,572 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Invesco QQQ by 2.3% during the third quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock worth $414,429,000 after buying an additional 18,833 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $526.08 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The business has a 50-day simple moving average of $523.39 and a 200-day simple moving average of $501.12.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.