Invesco QQQ (NASDAQ:QQQ) Stock Position Lessened by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,137 shares of the exchange traded fund’s stock after selling 297 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Invesco QQQ were worth $8,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the period. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares during the period. Finally, US Bancorp DE boosted its stake in Invesco QQQ by 3.4% during the 4th quarter. US Bancorp DE now owns 1,409,330 shares of the exchange traded fund’s stock valued at $720,494,000 after purchasing an additional 46,234 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $497.05 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock’s fifty day moving average is $521.53 and its 200-day moving average is $503.73. The company has a market capitalization of $313.27 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently declared 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 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.