Cerity Partners LLC Sells 192 Shares of Invesco QQQ (NASDAQ:QQQ)

Cerity Partners LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 681,967 shares of the exchange traded fund’s stock after selling 192 shares during the quarter. Invesco QQQ makes up 0.8% of Cerity Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Cerity Partners LLC’s holdings in Invesco QQQ were worth $348,617,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP raised its stake 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 during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $61,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 6.2 %

Shares of NASDAQ QQQ opened at $422.67 on Monday. Invesco QQQ has a twelve month low of $412.04 and a twelve month high of $540.81. The firm has a market capitalization of $267.89 billion, a P/E ratio of 30.05 and a beta of 1.11. The stock’s 50-day simple moving average is $501.45 and its two-hundred day simple moving average is $504.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid 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.