Invesco QQQ (NASDAQ:QQQ) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 42.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,174 shares of the exchange traded fund’s stock after selling 27,873 shares during the period. Invesco QQQ accounts for about 0.8% of Edgestream Partners L.P.’s holdings, making the stock its 4th biggest position. Edgestream Partners L.P.’s holdings in Invesco QQQ were worth $19,004,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QQQ. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP raised its holdings in shares of 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 in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.8 %

Invesco QQQ stock opened at $488.20 on Friday. The company has a market capitalization of $307.69 billion, a P/E ratio of 33.43 and a beta of 1.11. The firm’s fifty day simple moving average is $519.46 and its 200-day simple moving average is $503.75. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.