Invesco QQQ (NASDAQ:QQQ) Shares Sold by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,580 shares of the exchange traded fund’s stock after selling 32 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Invesco QQQ were worth $808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. increased its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the last quarter. FMR LLC raised its holdings in shares of Invesco QQQ by 1.7% in the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after purchasing an additional 13,338 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Invesco QQQ by 2.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund’s stock valued at $1,212,000 after purchasing an additional 56 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth about $791,000. Finally, Tradition Wealth Management LLC increased its position in Invesco QQQ by 1.4% during the 3rd quarter. Tradition Wealth Management LLC now owns 31,939 shares of the exchange traded fund’s stock worth $15,588,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $468.94 on Monday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company’s 50 day moving average price is $508.43 and its 200 day moving average price is $505.35. The firm has a market capitalization of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.