Simmons Bank Sells 363 Shares of Invesco QQQ (NASDAQ:QQQ)

Simmons Bank cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,744 shares of the exchange traded fund’s stock after selling 363 shares during the period. Invesco QQQ makes up about 1.1% of Simmons Bank’s portfolio, making the stock its 19th biggest holding. Simmons Bank’s holdings in Invesco QQQ were worth $15,206,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its stake in Invesco QQQ by 0.3% in 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 last quarter. Pettinga Financial Advisors LLC boosted its holdings in Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after acquiring an additional 1,854 shares during the period. Orrstown Financial Services Inc. bought a new position in Invesco QQQ in the 3rd quarter valued at $3,016,000. Pallas Capital Advisors LLC increased its stake in Invesco QQQ by 4.9% in the third quarter. Pallas Capital Advisors LLC now owns 14,944 shares of the exchange traded fund’s stock worth $7,357,000 after purchasing an additional 698 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in shares of Invesco QQQ by 27.9% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 78,547 shares of the exchange traded fund’s stock worth $38,337,000 after purchasing an additional 17,120 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 %

NASDAQ QQQ opened at $513.32 on Wednesday. The stock has a market cap of $326.50 billion, a PE ratio of 33.43 and a beta of 1.09. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company’s 50-day moving average price is $522.57 and its 200-day moving average price is $502.54.

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 given a dividend of $0.8347 per share. 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.