Invesco QQQ (NASDAQ:QQQ) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 614 shares of the exchange traded fund’s stock after selling 295 shares during the period. Stockman Wealth Management Inc.’s holdings in Invesco QQQ were worth $314,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. boosted its stake in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the last quarter. Socha Financial Group LLC boosted its stake in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ during the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

NASDAQ QQQ opened at $522.92 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company’s fifty day moving average price is $521.26 and its two-hundred day moving average price is $495.57.

Invesco QQQ Announces Dividend

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