Invesco QQQ (NASDAQ:QQQ) Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,722 shares of the exchange traded fund’s stock after selling 978 shares during the period. Invesco QQQ makes up about 2.3% of Conservest Capital Advisors Inc.’s investment portfolio, making the stock its 14th largest holding. Conservest Capital Advisors Inc.’s holdings in Invesco QQQ were worth $21,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Red Tortoise LLC lifted its position in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial acquired a new stake in Invesco QQQ in the fourth quarter worth approximately $41,000. Bear Mountain Capital Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at $42,000. Core Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $6.55 during trading on Friday, hitting $431.00. The company had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a 52 week low of $315.05 and a 52 week high of $449.34. The business’s 50-day moving average is $436.88 and its 200 day moving average is $410.40.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company 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.