Kestra Investment Management LLC Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Kestra Investment Management LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 14.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 357 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. Kestra Investment Management LLC’s holdings in Invesco QQQ were worth $183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Beta Wealth Group Inc. acquired a new position in Invesco QQQ during the fourth quarter worth about $204,000. HighMark Wealth Management LLC lifted its stake in Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after purchasing an additional 20 shares in the last quarter. CRA Financial Services LLC boosted its holdings in shares of Invesco QQQ by 1.9% during the 4th quarter. CRA Financial Services LLC now owns 38,665 shares of the exchange traded fund’s stock worth $19,767,000 after purchasing an additional 710 shares during the last quarter. Beaton Management Co. Inc. grew its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Beaton Management Co. Inc. now owns 6,957 shares of the exchange traded fund’s stock valued at $3,557,000 after purchasing an additional 25 shares in the last quarter. Finally, Centerpoint Advisors LLC increased its holdings in shares of Invesco QQQ by 46.1% in the fourth quarter. Centerpoint Advisors LLC now owns 485 shares of the exchange traded fund’s stock valued at $248,000 after purchasing an additional 153 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4 %

Shares of Invesco QQQ stock opened at $537.23 on Friday. The business’s 50 day moving average price is $523.48 and its 200 day moving average price is $500.07. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.