Marco Investment Management LLC Sells 1,870 Shares of Invesco QQQ (NASDAQ:QQQ)

Marco Investment Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 19.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,751 shares of the exchange traded fund’s stock after selling 1,870 shares during the period. Marco Investment Management LLC’s holdings in Invesco QQQ were worth $3,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised 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 acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $488.20 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock’s 50-day simple moving average is $519.46 and its 200 day simple moving average is $503.75. The stock has a market capitalization of $307.69 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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

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.