ORBA Wealth Advisors L.L.C. Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

ORBA Wealth Advisors L.L.C. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,735 shares of the exchange traded fund’s stock after selling 185 shares during the period. Invesco QQQ makes up approximately 3.1% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 6th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in Invesco QQQ were worth $5,999,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QQQ. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth about $475,000. Nelson Capital Management LLC increased its stake in shares of Invesco QQQ by 162.5% in the 4th quarter. Nelson Capital Management LLC now owns 2,250 shares of the exchange traded fund’s stock valued at $1,150,000 after acquiring an additional 1,393 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1.3% during the fourth quarter. Kellett Wealth Advisors LLC now owns 13,704 shares of the exchange traded fund’s stock valued at $7,006,000 after purchasing an additional 175 shares during the period. Advisor OS LLC boosted its holdings in Invesco QQQ by 6.7% in the fourth quarter. Advisor OS LLC now owns 5,504 shares of the exchange traded fund’s stock worth $2,814,000 after acquiring an additional 344 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its position in Invesco QQQ by 2.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 20,250 shares of the exchange traded fund’s stock valued at $10,352,000 after purchasing an additional 498 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $513.32 on Wednesday. The stock has a 50 day moving average price of $522.57 and a two-hundred day moving average price of $502.54. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market capitalization of $326.50 billion, a P/E ratio of 33.43 and a beta of 1.09.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.