Carrera Capital Advisors Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Carrera Capital Advisors decreased its position in Invesco QQQ (NASDAQ:QQQ) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,115 shares of the exchange traded fund’s stock after selling 83 shares during the period. Carrera Capital Advisors’ holdings in Invesco QQQ were worth $570,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Toronto Dominion Bank lifted its holdings in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Invesco QQQ by 3.4% during the 4th quarter. US Bancorp DE now owns 1,409,330 shares of the exchange traded fund’s stock worth $720,494,000 after purchasing an additional 46,234 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

QQQ stock opened at $495.55 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The business’s 50-day moving average is $520.84 and its 200 day moving average is $503.87. The stock has a market cap of $312.32 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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