Pettyjohn Wood & White Inc. Sells 265 Shares of Invesco QQQ (NASDAQ:QQQ)

Pettyjohn Wood & White Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,834 shares of the exchange traded fund’s stock after selling 265 shares during the period. Invesco QQQ makes up approximately 2.2% of Pettyjohn Wood & White Inc.’s investment portfolio, making the stock its 12th biggest position. Pettyjohn Wood & White Inc.’s holdings in Invesco QQQ were worth $12,185,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ergawealth Advisors Inc. lifted its holdings in Invesco QQQ by 3.5% in the 4th quarter. Ergawealth Advisors Inc. now owns 1,823 shares of the exchange traded fund’s stock worth $932,000 after buying an additional 62 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Invesco QQQ by 34.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,122 shares of the exchange traded fund’s stock worth $3,641,000 after acquiring an additional 1,836 shares in the last quarter. Financial Security Advisor Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $266,000. Verus Capital Partners LLC boosted its holdings in Invesco QQQ by 4.5% in the fourth quarter. Verus Capital Partners LLC now owns 28,279 shares of the exchange traded fund’s stock worth $14,457,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Fort Sheridan Advisors LLC boosted its stake in Invesco QQQ by 8.4% in the 4th quarter. Fort Sheridan Advisors LLC now owns 5,923 shares of the exchange traded fund’s stock worth $3,028,000 after purchasing an additional 457 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $500.27 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a market cap of $315.30 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock’s fifty day moving average price is $522.25 and its 200-day moving average price is $502.61.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.