Revisor Wealth Management LLC Sells 82 Shares of Invesco QQQ (NASDAQ:QQQ)

Revisor Wealth Management LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,475 shares of the exchange traded fund’s stock after selling 82 shares during the period. Revisor Wealth Management LLC’s holdings in Invesco QQQ were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $815,000. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $4,623,000. Gemsstock Ltd. raised its stake in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC raised its stake in shares of Invesco QQQ by 1.8% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock worth $75,071,000 after buying an additional 2,600 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $509.24 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a market capitalization of $319.12 billion, a PE ratio of 30.62 and a beta of 1.11. The company has a 50 day moving average price of $474.84 and a two-hundred day moving average price of $500.92.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.