Ranch Capital Advisors Inc. Sells 101 Shares of Invesco QQQ (NASDAQ:QQQ)

Ranch Capital Advisors Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,742 shares of the exchange traded fund’s stock after selling 101 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Invesco QQQ were worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. boosted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth about $2,911,000. Assetmark Inc. boosted its holdings in shares of Invesco QQQ by 2.1% in the 3rd quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock worth $13,112,000 after purchasing an additional 556 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Invesco QQQ by 20.5% in the 3rd quarter. Proficio Capital Partners LLC now owns 22,378 shares of the exchange traded fund’s stock worth $10,922,000 after purchasing an additional 3,803 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $491.79 on Monday. The stock has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business has a 50-day moving average of $518.84 and a 200 day moving average of $504.14.

Invesco QQQ Dividend Announcement

The business also recently announced 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 was Monday, December 23rd.

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.