Invesco QQQ (NASDAQ:QQQ) is ORBA Wealth Advisors L.L.C.’s 6th Largest Position

ORBA Wealth Advisors L.L.C. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,735 shares of the exchange traded fund’s stock after selling 185 shares during the period. Invesco QQQ comprises approximately 3.1% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 6th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Invesco QQQ were worth $5,999,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC grew its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Northeast Investment Management increased its stake in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its position in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the period. Finally, Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3 %

QQQ opened at $513.32 on Wednesday. The stock has a fifty day moving average price of $522.57 and a 200 day moving average price of $502.54. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a market cap of $326.50 billion, a price-to-earnings ratio of 33.43 and a beta of 1.09.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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 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.