Invesco QQQ (NASDAQ:QQQ) Shares Sold by Petix & Botte Co

Petix & Botte Co decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,679 shares of the exchange traded fund’s stock after selling 152 shares during the period. Invesco QQQ makes up approximately 1.8% of Petix & Botte Co’s investment portfolio, making the stock its 16th largest holding. Petix & Botte Co’s holdings in Invesco QQQ were worth $6,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Red Tortoise LLC raised its stake in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $42,000. Core Wealth Advisors Inc. increased its stake in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the period. Finally, Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1 %

NASDAQ QQQ traded up $4.77 on Monday, reaching $440.25. 29,870,592 shares of the company’s stock traded hands, compared to its average volume of 45,728,453. The stock has a 50 day moving average price of $436.61 and a 200-day moving average price of $413.39. Invesco QQQ has a fifty-two week low of $321.32 and a fifty-two week high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.