Invesco QQQ (NASDAQ:QQQ) Position Trimmed by Heritage Wealth Advisors

Heritage Wealth Advisors lowered its position in Invesco QQQ (NASDAQ:QQQ) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,278 shares of the exchange traded fund’s stock after selling 801 shares during the quarter. Heritage Wealth Advisors’ holdings in Invesco QQQ were worth $1,165,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of QQQ. PayPay Securities Corp increased its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new stake in Invesco QQQ in the fourth quarter worth approximately $37,000. Hoese & Co LLP grew its position 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 acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $51,000. Finally, BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter valued at $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

QQQ stock opened at $493.46 on Wednesday. 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 1 year low of $413.07 and a 1 year high of $540.81. The company has a fifty day simple moving average of $510.77 and a 200 day simple moving average of $504.97.

Invesco QQQ Cuts Dividend

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

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.