Invesco QQQ (NASDAQ:QQQ) Shares Sold by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,383 shares of the exchange traded fund’s stock after selling 1,168 shares during the period. Invesco QQQ makes up 1.3% of New England Private Wealth Advisors LLC’s holdings, making the stock its 25th largest position. New England Private Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,119,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. IMA Wealth Inc. boosted its holdings in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the last quarter. S.A. Mason LLC boosted its holdings in Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC boosted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 25 shares during the last quarter. Cedrus LLC boosted its holdings in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 25 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $6.55 during midday trading on Friday, reaching $431.00. The stock had a trading volume of 41,598,392 shares, compared to its average volume of 46,137,730. The stock’s 50-day simple moving average is $436.88 and its 200 day simple moving average is $410.11. Invesco QQQ has a twelve month low of $315.05 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.