UNIVEST FINANCIAL Corp Sells 76 Shares of Invesco QQQ (NASDAQ:QQQ)

UNIVEST FINANCIAL Corp lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,508 shares of the exchange traded fund’s stock after selling 76 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Invesco QQQ were worth $1,282,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter valued at $62,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $484.38 on Thursday. The firm has a market capitalization of $305.28 billion, a P/E ratio of 30.74 and a beta of 1.11. The stock has a 50 day moving average price of $510.12 and a 200-day moving average price of $504.83. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.