Castle Wealth Management LLC Sells 464 Shares of Invesco QQQ (NASDAQ:QQQ)

Castle Wealth Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 5.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,702 shares of the exchange traded fund’s stock after selling 464 shares during the period. Invesco QQQ makes up approximately 2.1% of Castle Wealth Management LLC’s holdings, making the stock its 12th biggest position. Castle Wealth Management LLC’s holdings in Invesco QQQ were worth $3,563,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Kraft Davis & Associates LLC raised its position in shares of Invesco QQQ by 884.6% in the 4th quarter. Kraft Davis & Associates LLC now owns 18,914 shares of the exchange traded fund’s stock worth $8,022,000 after acquiring an additional 16,993 shares in the last quarter. Geneva Partners LLC lifted its stake in Invesco QQQ by 635.7% in the fourth quarter. Geneva Partners LLC now owns 5,827 shares of the exchange traded fund’s stock valued at $2,386,000 after buying an additional 5,035 shares during the period. ZWJ Investment Counsel Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $437,000. Onyx Bridge Wealth Group LLC grew its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 50,274 shares of the exchange traded fund’s stock worth $20,588,000 after buying an additional 1,088 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $895,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

Shares of Invesco QQQ stock traded down $8.76 during trading on Friday, reaching $414.65. 75,140,125 shares of the company traded hands, compared to its average volume of 46,015,852. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34. The company has a 50 day moving average price of $437.60 and a 200-day moving average price of $407.88.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.55%.

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.