Diversified Portfolios Inc. Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Diversified Portfolios Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,548 shares of the exchange traded fund’s stock after selling 28 shares during the quarter. Diversified Portfolios Inc.’s holdings in Invesco QQQ were worth $1,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Wealth Inc. boosted its position in shares of Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC grew its holdings in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC increased its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares during the last quarter. Cedrus LLC raised its holdings in shares of Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares in the last quarter. Finally, Hartford Financial Management Inc. boosted its position in Invesco QQQ by 2.8% during the fourth quarter. Hartford Financial Management Inc. now owns 960 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 26 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0 %

Shares of QQQ traded up $0.04 during midday trading on Tuesday, reaching $431.10. 47,490,572 shares of the stock were exchanged, compared to its average volume of 45,458,633. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The firm has a 50 day simple moving average of $438.29 and a 200-day simple moving average of $406.76.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.