Diversified Portfolios Inc. Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Diversified Portfolios Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,548 shares of the exchange traded fund’s stock after selling 28 shares during the period. Diversified Portfolios Inc.’s holdings in Invesco QQQ were worth $1,453,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ergawealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 4.0% in the fourth quarter. Ergawealth Advisors Inc. now owns 1,490 shares of the exchange traded fund’s stock worth $610,000 after buying an additional 57 shares during the period. Wealth Alliance raised its stake in shares of Invesco QQQ by 5.8% during the fourth quarter. Wealth Alliance now owns 1,286 shares of the exchange traded fund’s stock valued at $527,000 after acquiring an additional 71 shares during the last quarter. Riverstone Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $2,621,000. Marino Stram & Associates LLC grew its stake in shares of Invesco QQQ by 7.7% in the fourth quarter. Marino Stram & Associates LLC now owns 9,142 shares of the exchange traded fund’s stock worth $3,744,000 after purchasing an additional 656 shares during the last quarter. Finally, Investment Advisory Group LLC increased its holdings in Invesco QQQ by 1.3% during the 4th quarter. Investment Advisory Group LLC now owns 4,342 shares of the exchange traded fund’s stock valued at $1,778,000 after purchasing an additional 57 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.0 %

NASDAQ QQQ traded up $0.04 on Tuesday, hitting $431.10. The company’s stock had a trading volume of 47,490,572 shares, compared to its average volume of 45,458,633. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The company’s 50-day simple moving average is $438.29 and its 200 day simple moving average is $406.76.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.