Tower Research Capital LLC TRC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Tower Research Capital LLC TRC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 97.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,218 shares of the exchange traded fund’s stock after selling 585,165 shares during the period. Tower Research Capital LLC TRC’s holdings in Invesco QQQ were worth $7,780,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QQQ. Proficio Capital Partners LLC raised its stake in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC boosted 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 valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after buying an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its holdings in Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after acquiring an additional 13,772 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

QQQ stock opened at $443.82 on Friday. The firm has a market cap of $284.56 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business’s fifty day simple moving average is $482.54 and its two-hundred day simple moving average is $501.19.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. 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.