Invesco QQQ (NASDAQ:QQQ) Shares Sold by Retirement Investment Advisors Inc.

Retirement Investment Advisors Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,116 shares of the exchange traded fund’s stock after selling 157 shares during the period. Invesco QQQ comprises approximately 0.4% of Retirement Investment Advisors Inc.’s portfolio, making the stock its 16th biggest holding. Retirement Investment Advisors Inc.’s holdings in Invesco QQQ were worth $3,638,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during 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 last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, Creative Capital Management Investments LLC lifted its stake in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $468.94 on Friday. The company has a 50 day moving average price of $508.43 and a two-hundred day moving average price of $505.09. The stock has a market capitalization of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 Company 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.