Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lowered by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,619 shares of the exchange traded fund’s stock after selling 26 shares during the period. Physician Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $2,362,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in 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 period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Creative Capital Management Investments LLC boosted its stake in Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 111 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 2.6 %

Shares of QQQ stock opened at $468.94 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The stock’s fifty day simple moving average is $508.43 and its 200-day simple moving average is $505.09. The company has a market capitalization of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.