Invesco QQQ (NASDAQ:QQQ) Shares Sold by Cedar Wealth Management LLC

Cedar Wealth Management LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 2,448 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Invesco QQQ makes up about 0.5% of Cedar Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Cedar Wealth Management LLC’s holdings in Invesco QQQ were worth $1,252,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. PayPay Securities Corp grew its holdings 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 during the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP boosted 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 buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $51,000. Finally, BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter valued at $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $480.84 on Friday. The company has a market cap of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a fifty day moving average price of $511.30 and a two-hundred day moving average price of $504.14.

Invesco QQQ Announces Dividend

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