Petix & Botte Co Cuts Holdings in Invesco QQQ (NASDAQ:QQQ)

Petix & Botte Co reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,679 shares of the exchange traded fund’s stock after selling 152 shares during the quarter. Invesco QQQ accounts for about 1.8% of Petix & Botte Co’s investment portfolio, making the stock its 16th biggest holding. Petix & Botte Co’s holdings in Invesco QQQ were worth $6,011,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of QQQ. Aviance Capital Partners LLC boosted its position in shares of Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 1,033 shares in the last quarter. Welch & Forbes LLC lifted its stake in shares of Invesco QQQ by 3.1% in the fourth quarter. Welch & Forbes LLC now owns 8,055 shares of the exchange traded fund’s stock valued at $3,299,000 after purchasing an additional 239 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Invesco QQQ by 3.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,868 shares of the exchange traded fund’s stock valued at $8,136,000 after purchasing an additional 591 shares during the period. N.E.W. Advisory Services LLC boosted its holdings in Invesco QQQ by 2.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 5,296 shares of the exchange traded fund’s stock worth $2,169,000 after buying an additional 137 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Invesco QQQ during the fourth quarter worth about $790,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.1 %

Invesco QQQ stock traded up $4.77 during mid-day trading on Monday, reaching $440.25. The company had a trading volume of 29,870,592 shares, compared to its average volume of 45,728,453. The stock’s 50-day simple moving average is $436.61 and its 200-day simple moving average is $413.39. Invesco QQQ has a 1 year low of $321.32 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was 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.