Invesco QQQ (NASDAQ:QQQ) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,106 shares of the exchange traded fund’s stock after selling 397 shares during the quarter. Invesco QQQ comprises 1.8% of Crescent Grove Advisors LLC’s portfolio, making the stock its 13th biggest position. Crescent Grove Advisors LLC’s holdings in Invesco QQQ were worth $16,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Barclays PLC increased its stake in Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after acquiring an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC increased its stake in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Morgan Stanley grew its stake in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Finally, Granite Bay Wealth Management LLC grew its stake in shares of Invesco QQQ by 2,372.7% in the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock valued at $298,345,000 after buying an additional 771,827 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $7.21 during trading hours on Monday, reaching $431.06. The company had a trading volume of 62,448,311 shares, compared to its average volume of 45,426,551. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The company has a market capitalization of $251.14 billion, a P/E ratio of 35.76 and a beta of 1.28. The stock’s fifty day simple moving average is $438.24 and its 200 day simple moving average is $406.24.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%.

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.