Simmons Bank Sells 363 Shares of Invesco QQQ (NASDAQ:QQQ)

Simmons Bank cut its position in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,744 shares of the exchange traded fund’s stock after selling 363 shares during the period. Invesco QQQ comprises 1.1% of Simmons Bank’s portfolio, making the stock its 19th largest holding. Simmons Bank’s holdings in Invesco QQQ were worth $15,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sincerus Advisory LLC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $983,000. Red Crane Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $2,484,000. LifeGoal Wealth Advisors purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $281,000. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $475,000. Finally, Nelson Capital Management LLC lifted its holdings in shares of Invesco QQQ by 162.5% in the fourth quarter. Nelson Capital Management LLC now owns 2,250 shares of the exchange traded fund’s stock worth $1,150,000 after buying an additional 1,393 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $513.32 on Wednesday. The firm has a market cap of $326.50 billion, a price-to-earnings ratio of 33.43 and a beta of 1.09. The firm has a fifty day moving average price of $522.57 and a 200 day moving average price of $502.54. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The company 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 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.