United Capital Management of KS Inc. Sells 677 Shares of Invesco QQQ (NASDAQ:QQQ)

United Capital Management of KS Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,398 shares of the exchange traded fund’s stock after selling 677 shares during the quarter. United Capital Management of KS Inc.’s holdings in Invesco QQQ were worth $3,782,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. increased its position in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the period. Pettinga Financial Advisors LLC increased its position in shares of Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after buying an additional 1,854 shares during the period. Huntington National Bank increased its position in shares of Invesco QQQ by 7.7% during the third quarter. Huntington National Bank now owns 36,185 shares of the exchange traded fund’s stock valued at $17,661,000 after buying an additional 2,581 shares during the period. Balboa Wealth Partners purchased a new position in shares of Invesco QQQ during the third quarter valued at about $6,254,000. Finally, Black Diamond Financial LLC increased its position in shares of Invesco QQQ by 0.5% during the third quarter. Black Diamond Financial LLC now owns 5,210 shares of the exchange traded fund’s stock valued at $2,543,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $479.66 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company’s 50-day moving average is $514.89 and its 200 day moving average is $503.66. The stock has a market capitalization of $302.31 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.