Peregrine Asset Advisers Inc. Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Peregrine Asset Advisers Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,908 shares of the exchange traded fund’s stock after selling 356 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Invesco QQQ were worth $1,998,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QQQ. Dahring Cusmano LLC purchased a new position in Invesco QQQ during the fourth quarter worth $318,000. VisionPoint Advisory Group LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $3,899,000. Outfitter Financial LLC grew its holdings in Invesco QQQ by 12.8% during the 4th quarter. Outfitter Financial LLC now owns 1,236 shares of the exchange traded fund’s stock valued at $632,000 after purchasing an additional 140 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Invesco QQQ in the 4th quarter worth about $449,000. Finally, Compass Capital Corp MA ADV purchased a new stake in Invesco QQQ in the 4th quarter worth about $2,092,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $526.08 on Friday. The business has a 50 day simple moving average of $523.39 and a two-hundred day simple moving average of $500.70. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.