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

Rareview Capital LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,480 shares of the exchange traded fund’s stock after selling 1,592 shares during the period. Invesco QQQ makes up approximately 5.6% of Rareview Capital LLC’s holdings, making the stock its 4th biggest position. Rareview Capital LLC’s holdings in Invesco QQQ were worth $7,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC lifted its position in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after buying an additional 895,277 shares in the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.4 %

QQQ stock opened at $479.66 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The company has a market cap of $302.31 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The company has a 50 day moving average of $514.89 and a two-hundred day moving average of $503.66.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.