Invesco QQQ (NASDAQ:QQQ) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,166 shares of the exchange traded fund’s stock after selling 342 shares during the quarter. Fiduciary Trust Co’s holdings in Invesco QQQ were worth $2,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. grew its stake in shares of Invesco QQQ by 2.5% in the 4th quarter. First Manhattan CO. LLC. now owns 8,787 shares of the exchange traded fund’s stock valued at $4,492,000 after purchasing an additional 212 shares during the last quarter. Family Management Corp lifted its holdings in shares of Invesco QQQ by 203.6% during the fourth quarter. Family Management Corp now owns 3,835 shares of the exchange traded fund’s stock worth $1,961,000 after purchasing an additional 7,535 shares during the period. Fullcircle Wealth LLC purchased a new position in Invesco QQQ in the 4th quarter valued at $243,000. FWL Investment Management LLC increased its stake in Invesco QQQ by 7.5% in the 4th quarter. FWL Investment Management LLC now owns 9,549 shares of the exchange traded fund’s stock valued at $4,882,000 after buying an additional 667 shares during the period. Finally, Circle Wealth Management LLC raised its position in Invesco QQQ by 3.8% during the 4th quarter. Circle Wealth Management LLC now owns 52,204 shares of the exchange traded fund’s stock worth $26,688,000 after buying an additional 1,888 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $488.05 on Friday. The stock has a market capitalization of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11. The company has a fifty day moving average of $467.78 and a 200-day moving average of $499.24. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was 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.