Briaud Financial Planning Inc Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

Briaud Financial Planning Inc cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 60,944 shares of the exchange traded fund’s stock after selling 876 shares during the period. Invesco QQQ comprises 12.7% of Briaud Financial Planning Inc’s investment portfolio, making the stock its 4th biggest position. Briaud Financial Planning Inc’s holdings in Invesco QQQ were worth $31,156,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. grew its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ during the fourth quarter worth about $28,729,000. Garden State Investment Advisory Services LLC grew its position in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC grew its position in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after buying an additional 6,518 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 3.9 %

QQQ stock opened at $472.73 on Tuesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a market cap of $297.94 billion, a PE ratio of 33.43 and a beta of 1.11. The business’s 50-day simple moving average is $517.98 and its 200 day simple moving average is $504.13.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.