Invesco QQQ (NASDAQ:QQQ) Shares Sold by Miramar Capital LLC

Miramar Capital LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,732 shares of the exchange traded fund’s stock after selling 228 shares during the period. Miramar Capital LLC’s holdings in Invesco QQQ were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQ. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $51,000. Finally, Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $491.79 on Friday. The stock has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. The firm’s fifty day moving average price is $518.84 and its 200 day moving average price is $503.99. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently announced 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.

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.