Wetzel Investment Advisors Inc. Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Wetzel Investment Advisors Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,709 shares of the exchange traded fund’s stock after selling 92 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Invesco QQQ were worth $874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Invesco QQQ by 28.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock valued at $33,772,000 after purchasing an additional 15,648 shares during the period. SkyView Investment Advisors LLC bought a new position in Invesco QQQ during the 2nd quarter valued at approximately $209,000. Magnolia Capital Advisors LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $368,000. Finally, Second Line Capital LLC grew its position in shares of Invesco QQQ by 99.2% in the 2nd quarter. Second Line Capital LLC now owns 1,894 shares of the exchange traded fund’s stock worth $908,000 after buying an additional 943 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $513.93 on Tuesday. The business has a 50 day moving average of $517.86 and a 200 day moving average of $493.21. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.