RVW Wealth LLC Sells 496 Shares of Invesco QQQ (NASDAQ:QQQ)

RVW Wealth LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,723 shares of the exchange traded fund’s stock after selling 496 shares during the quarter. Invesco QQQ accounts for 1.0% of RVW Wealth LLC’s investment portfolio, making the stock its 29th largest holding. RVW Wealth LLC’s holdings in Invesco QQQ were worth $10,594,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $5,518,000. Capital Investment Advisory Services LLC lifted its stake in Invesco QQQ by 10.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 18,189 shares of the exchange traded fund’s stock worth $9,299,000 after purchasing an additional 1,731 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Invesco QQQ by 20.4% during the fourth quarter. OLD National Bancorp IN now owns 3,770 shares of the exchange traded fund’s stock valued at $1,927,000 after buying an additional 640 shares during the period. DMC Group LLC grew its stake in shares of Invesco QQQ by 9.0% during the fourth quarter. DMC Group LLC now owns 760 shares of the exchange traded fund’s stock valued at $389,000 after buying an additional 63 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $463,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $523.05 on Friday. The business has a fifty day moving average of $518.86 and a 200 day moving average of $493.75. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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

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.