Invesco QQQ (NASDAQ:QQQ) Shares Sold by Keb Asset Management LLC

Keb Asset Management LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 484 shares of the exchange traded fund’s stock after selling 71 shares during the quarter. Keb Asset Management LLC’s holdings in Invesco QQQ were worth $247,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. boosted its stake 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 buying an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC raised its holdings in shares of 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 worth $7,553,000 after acquiring an additional 1,854 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $2,911,000. Assetmark Inc. grew its holdings in shares of Invesco QQQ by 2.1% in the third quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock valued at $13,112,000 after purchasing an additional 556 shares during the period. Finally, Proficio Capital Partners LLC increased its position in Invesco QQQ by 20.5% during the third quarter. Proficio Capital Partners LLC now owns 22,378 shares of the exchange traded fund’s stock worth $10,922,000 after purchasing an additional 3,803 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $491.79 on Monday. The firm’s 50-day moving average is $518.84 and its two-hundred day moving average is $504.14. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm 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.