Invesco QQQ (NASDAQ:QQQ) is Ciovacco Capital Management LLC’s 7th Largest Position

Ciovacco Capital Management LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 12,646 shares of the exchange traded fund’s stock after selling 340 shares during the period. Invesco QQQ accounts for approximately 3.7% of Ciovacco Capital Management LLC’s portfolio, making the stock its 7th largest position. Ciovacco Capital Management LLC’s holdings in Invesco QQQ were worth $6,465,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in QQQ. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ during the fourth quarter worth $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth $51,000. Finally, BNP Paribas acquired a new position in Invesco QQQ during the third quarter worth $62,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $479.26 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock’s fifty day moving average is $511.83 and its two-hundred day moving average is $503.82. The firm has a market capitalization of $302.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.