Auxano Advisors LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Auxano Advisors LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 854 shares of the exchange traded fund’s stock after selling 62 shares during the period. Auxano Advisors LLC’s holdings in Invesco QQQ were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of QQQ. Keystone Wealth Services LLC raised its stake in Invesco QQQ by 15.4% in the fourth quarter. Keystone Wealth Services LLC now owns 22,118 shares of the exchange traded fund’s stock valued at $11,307,000 after purchasing an additional 2,946 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. increased its holdings in shares of Invesco QQQ by 24.8% in the 4th quarter. Woodley Farra Manion Portfolio Management Inc. now owns 799 shares of the exchange traded fund’s stock worth $408,000 after buying an additional 159 shares during the last quarter. Fidelis Capital Partners LLC raised its position in shares of Invesco QQQ by 143.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 13,845 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 8,168 shares in the last quarter. Gruss & Co. LLC lifted its holdings in shares of Invesco QQQ by 100.0% during the 4th quarter. Gruss & Co. LLC now owns 3,000 shares of the exchange traded fund’s stock worth $1,534,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Investment Partners LTD. grew its position in Invesco QQQ by 3.7% in the fourth quarter. Investment Partners LTD. now owns 2,254 shares of the exchange traded fund’s stock worth $1,152,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.6 %

NASDAQ QQQ opened at $508.30 on Monday. The stock’s 50-day simple moving average is $522.05 and its two-hundred day simple moving average is $503.57. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a market capitalization of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.