Great Waters Wealth Management Sells 28 Shares of Invesco QQQ (NASDAQ:QQQ)

Great Waters Wealth Management lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% during the first quarter, Holdings Channel.com reports. The firm owned 615 shares of the exchange traded fund’s stock after selling 28 shares during the period. Great Waters Wealth Management’s holdings in Invesco QQQ were worth $288,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. boosted its stake in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 20 shares during the last quarter. RAM Investment Partners LLC boosted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after acquiring an additional 20 shares during the last quarter. HighMark Wealth Management LLC boosted its stake in shares of Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after acquiring an additional 20 shares during the last quarter. Providence First Trust Co boosted its stake in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after acquiring an additional 20 shares during the last quarter. Finally, Diversified Enterprises LLC boosted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $529.92 on Monday. The company’s fifty day simple moving average is $483.20 and its 200-day simple moving average is $501.85. The stock has a market capitalization of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was 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.