KCM Investment Advisors LLC Sells 58 Shares of Invesco QQQ (NASDAQ:QQQ)

KCM Investment Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 43,052 shares of the exchange traded fund’s stock after selling 58 shares during the period. KCM Investment Advisors LLC’s holdings in Invesco QQQ were worth $22,010,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PayPay Securities Corp boosted 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 purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Perritt Capital Management Inc acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $61,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 6.2 %

NASDAQ:QQQ opened at $422.67 on Friday. The company has a market cap of $268.12 billion, a P/E ratio of 30.05 and a beta of 1.18. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The business has a 50 day moving average price of $501.45 and a two-hundred day moving average price of $504.37.

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 of this dividend is Monday, March 24th.

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.