McKinley Carter Wealth Services Inc. Sells 103 Shares of Invesco QQQ (NASDAQ:QQQ)

McKinley Carter Wealth Services Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,500 shares of the exchange traded fund’s stock after selling 103 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Invesco QQQ were worth $4,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

Shares of Invesco QQQ stock opened at $534.21 on Wednesday. The business has a fifty day simple moving average of $485.97 and a 200 day simple moving average of $502.25. The stock has a market cap of $334.76 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.