Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by SlateStone Wealth LLC

SlateStone Wealth LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 91.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,539 shares of the exchange traded fund’s stock after selling 63,055 shares during the quarter. SlateStone Wealth LLC’s holdings in Invesco QQQ were worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its holdings in Invesco QQQ by 51,292.3% in the fourth 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 during the last quarter. Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% in 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 buying an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after buying an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after buying an additional 52,235 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

Shares of QQQ stock opened at $479.66 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The business’s 50 day moving average is $514.89 and its two-hundred day moving average is $503.85. The company has a market cap of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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