Gitterman Wealth Management LLC Sells 98 Shares of Invesco QQQ (NASDAQ:QQQ)

Gitterman Wealth Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 794 shares of the exchange traded fund’s stock after selling 98 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Invesco QQQ were worth $406,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. lifted its position in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Pettinga Financial Advisors LLC lifted its position in 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 worth $7,553,000 after purchasing an additional 1,854 shares during the period. Valley Wealth Managers Inc. lifted its position in Invesco QQQ by 3.9% during the third quarter. Valley Wealth Managers Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after purchasing an additional 58 shares during the period. Coastline Trust Co bought a new stake in Invesco QQQ during the third quarter worth about $12,044,000. Finally, Miramar Capital LLC lifted its position in Invesco QQQ by 23.1% during the third quarter. Miramar Capital LLC now owns 1,960 shares of the exchange traded fund’s stock worth $957,000 after purchasing an additional 368 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

QQQ opened at $479.66 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a 50-day simple moving average of $514.89 and a 200 day simple moving average of $503.85. The stock has a market capitalization of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.