Godshalk Welsh Capital Management Inc. Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Godshalk Welsh Capital Management Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,310 shares of the exchange traded fund’s stock after selling 25 shares during the quarter. Godshalk Welsh Capital Management Inc.’s holdings in Invesco QQQ were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. SOA Wealth Advisors LLC. increased its holdings in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in shares of Invesco QQQ by 95.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 558 shares during the last quarter. FMR LLC increased its stake in shares of Invesco QQQ by 1.7% in the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after acquiring an additional 13,338 shares during the period. Cadence Bank purchased a new position in shares of Invesco QQQ during the third quarter worth $2,168,000. Finally, Townsquare Capital LLC lifted its position in Invesco QQQ by 9.2% during the third quarter. Townsquare Capital LLC now owns 53,201 shares of the exchange traded fund’s stock valued at $25,967,000 after purchasing an additional 4,504 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $484.38 on Thursday. The business’s 50-day moving average is $510.12 and its two-hundred day moving average is $504.83. The company has a market capitalization of $305.28 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.