Invesco QQQ (NASDAQ:QQQ) Shares Sold by Leeward Financial Partners LLC

Leeward Financial Partners LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 877 shares of the exchange traded fund’s stock after selling 114 shares during the quarter. Leeward Financial Partners LLC’s holdings in Invesco QQQ were worth $448,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $450.66 on Friday. The company has a market capitalization of $285.88 billion, a P/E ratio of 30.05 and a beta of 1.18. The stock’s 50 day moving average price is $503.59 and its 200 day moving average price is $504.72. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders 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.

About Invesco QQQ

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.