Invesco QQQ (NASDAQ:QQQ) is Valence8 US LP’s 2nd Largest Position

Valence8 US LP trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,640 shares of the exchange traded fund’s stock after selling 7,440 shares during the quarter. Invesco QQQ makes up approximately 15.9% of Valence8 US LP’s investment portfolio, making the stock its 2nd largest position. Valence8 US LP’s holdings in Invesco QQQ were worth $27,290,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. lifted its stake in shares of Invesco QQQ by 0.8% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 5,257 shares of the exchange traded fund’s stock valued at $2,153,000 after purchasing an additional 44 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $167,000. Element Wealth LLC grew its stake in Invesco QQQ by 682.8% during the 4th quarter. Element Wealth LLC now owns 2,238 shares of the exchange traded fund’s stock worth $917,000 after buying an additional 2,622 shares during the last quarter. Masso Torrence Wealth Management Inc. grew its stake in Invesco QQQ by 19.1% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 17,928 shares of the exchange traded fund’s stock worth $7,342,000 after buying an additional 2,876 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. grew its stake in Invesco QQQ by 6.9% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 16,529 shares of the exchange traded fund’s stock worth $6,769,000 after buying an additional 1,069 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.5 %

Invesco QQQ stock traded up $6.25 during mid-day trading on Tuesday, reaching $425.07. 44,085,762 shares of the company were exchanged, compared to its average volume of 46,010,473. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The firm’s 50-day simple moving average is $437.20 and its two-hundred day simple moving average is $409.44.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.