Invesco QQQ (NASDAQ:QQQ) Shares Sold by TCM Advisors LLC

TCM Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,900 shares of the exchange traded fund’s stock after selling 600 shares during the period. Invesco QQQ accounts for approximately 3.3% of TCM Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. TCM Advisors LLC’s holdings in Invesco QQQ were worth $33,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Sagespring Wealth Partners LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $3,802,000. Legacy Investment Solutions LLC raised its holdings in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock worth $138,000 after buying an additional 20 shares during the last quarter. Crux Wealth Advisors acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $537,000. Philadelphia Trust Co. grew its holdings in shares of Invesco QQQ by 22.5% during the fourth quarter. Philadelphia Trust Co. now owns 952 shares of the exchange traded fund’s stock valued at $487,000 after buying an additional 175 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Invesco QQQ by 2.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 870,077 shares of the exchange traded fund’s stock valued at $444,705,000 after acquiring an additional 20,818 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $454.40 on Friday. The business’s 50-day simple moving average is $490.33 and its two-hundred day simple moving average is $502.44. The company has a market cap of $283.95 billion, a PE ratio of 30.05 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

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

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.