Invesco QQQ (NASDAQ:QQQ) Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,246 shares of the exchange traded fund’s stock after selling 880 shares during the period. Invesco QQQ accounts for about 2.6% of Conservest Capital Advisors Inc.’s holdings, making the stock its 11th biggest position. Conservest Capital Advisors Inc.’s holdings in Invesco QQQ were worth $25,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% in the 4th 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 period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.6 %

Shares of NASDAQ QQQ opened at $508.30 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a fifty day moving average of $522.05 and a 200-day moving average of $503.00. The stock has a market capitalization of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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