MONECO Advisors LLC Sells 146 Shares of Invesco QQQ (NASDAQ:QQQ)

MONECO Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,424 shares of the exchange traded fund’s stock after selling 146 shares during the period. MONECO Advisors LLC’s holdings in Invesco QQQ were worth $3,450,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QQQ. Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. raised its position in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ traded down $8.16 during trading on Tuesday, reaching $424.59. 42,556,273 shares of the company’s stock were exchanged, compared to its average volume of 45,909,301. Invesco QQQ has a 1 year low of $315.11 and a 1 year high of $449.34. The company’s fifty day simple moving average is $436.92 and its 200-day simple moving average is $411.12.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.