PPS&V Asset Management Consultants Inc. Sells 1,394 Shares of Invesco QQQ (NASDAQ:QQQ)

PPS&V Asset Management Consultants Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,827 shares of the exchange traded fund’s stock after selling 1,394 shares during the quarter. Invesco QQQ accounts for 17.3% of PPS&V Asset Management Consultants Inc.’s holdings, making the stock its 2nd biggest holding. PPS&V Asset Management Consultants Inc.’s holdings in Invesco QQQ were worth $25,295,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Buckingham Strategic Wealth LLC lifted its position in shares of Invesco QQQ by 2.7% during the fourth quarter. Buckingham Strategic Wealth LLC now owns 37,403 shares of the exchange traded fund’s stock worth $15,317,000 after acquiring an additional 979 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its holdings in shares of Invesco QQQ by 39.0% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,259 shares of the exchange traded fund’s stock valued at $1,335,000 after acquiring an additional 914 shares in the last quarter. Fort Sheridan Advisors LLC lifted its holdings in Invesco QQQ by 15.4% in the fourth quarter. Fort Sheridan Advisors LLC now owns 3,291 shares of the exchange traded fund’s stock worth $1,348,000 after buying an additional 440 shares during the period. Pettyjohn Wood & White Inc. lifted its position in Invesco QQQ by 1.0% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 19,936 shares of the exchange traded fund’s stock valued at $8,164,000 after acquiring an additional 199 shares during the period. Finally, Optimist Retirement Group LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $2,765,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $492.59 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The firm’s fifty day moving average is $471.00 and its 200 day moving average is $462.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.