Retirement Solution Inc. Lowers Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Retirement Solution Inc. reduced its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,468 shares of the exchange traded fund’s stock after selling 2,653 shares during the quarter. Invesco QQQ Trust accounts for 1.4% of Retirement Solution Inc.’s portfolio, making the stock its 9th biggest holding. Retirement Solution Inc.’s holdings in Invesco QQQ Trust were worth $4,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Red Tortoise LLC lifted its holdings in Invesco QQQ Trust by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial bought a new position in Invesco QQQ Trust in the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ Trust in the fourth quarter valued at about $42,000. Core Wealth Advisors Inc. increased its position in Invesco QQQ Trust by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. increased its position in Invesco QQQ Trust by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trust Stock Performance

QQQ traded up $1.44 during midday trading on Wednesday, reaching $426.51. The company had a trading volume of 46,222,772 shares, compared to its average volume of 46,039,938. The business has a 50-day moving average of $437.07 and a two-hundred day moving average of $409.56. Invesco QQQ Trust has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Trust Announces Dividend

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

Invesco QQQ Trust 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.