Tranquility Partners LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Tranquility Partners LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 6.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,831 shares of the exchange traded fund’s stock after selling 284 shares during the quarter. Tranquility Partners LLC’s holdings in Invesco QQQ were worth $1,569,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. IMA Wealth Inc. boosted its stake in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC boosted its stake in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC boosted its stake in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares during the period. Cedrus LLC boosted its stake in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares during the period. Finally, Hartford Financial Management Inc. boosted its stake in Invesco QQQ by 2.8% in the 4th quarter. Hartford Financial Management Inc. now owns 960 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.2 %

NASDAQ QQQ traded down $5.26 during trading hours on Wednesday, hitting $425.84. The company had a trading volume of 56,285,592 shares, compared to its average volume of 45,611,754. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The firm has a 50 day simple moving average of $438.36 and a 200 day simple moving average of $407.27.

Invesco QQQ Announces Dividend

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

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.