Howard Capital Management Inc. Sells 5,264 Shares of Invesco QQQ (NASDAQ:QQQ)

Howard Capital Management Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,982,361 shares of the exchange traded fund’s stock after selling 5,264 shares during the quarter. Invesco QQQ makes up approximately 19.4% of Howard Capital Management Inc.’s portfolio, making the stock its biggest holding. Howard Capital Management Inc.’s holdings in Invesco QQQ were worth $1,524,672,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after acquiring an additional 19 shares in the last quarter. Northeast Investment Management boosted its position in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp boosted its position in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the period. Cardinal Point Capital Management ULC boosted its position in Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the period. Finally, Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.1 %

Shares of Invesco QQQ stock opened at $526.08 on Friday. The company has a fifty day moving average price of $523.39 and a 200 day moving average price of $501.12. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.