Oarsman Capital Inc. Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

Oarsman Capital Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,390 shares of the exchange traded fund’s stock after selling 139 shares during the period. Oarsman Capital Inc.’s holdings in Invesco QQQ were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. PayPay Securities Corp grew 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 worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter worth $51,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ during the 4th quarter worth $61,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 6.2 %

Shares of QQQ stock opened at $422.67 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a fifty day simple moving average of $501.45 and a two-hundred day simple moving average of $504.37. The stock has a market capitalization of $268.12 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is 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.