Tyler Stone Wealth Management Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Tyler Stone Wealth Management lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,237 shares of the exchange traded fund’s stock after selling 190 shares during the quarter. Invesco QQQ comprises 0.9% of Tyler Stone Wealth Management’s investment portfolio, making the stock its 24th biggest holding. Tyler Stone Wealth Management’s holdings in Invesco QQQ were worth $5,234,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6 %

Shares of QQQ opened at $493.46 on Wednesday. The company’s 50 day simple moving average is $510.77 and its 200-day simple moving average is $504.97. The firm has a market cap of $311.00 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. 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.