Monograph Wealth Advisors LLC Has $399,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Monograph Wealth Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 14.9% during the fourth quarter, Holdings Channel reports. The fund owned 780 shares of the exchange traded fund’s stock after selling 137 shares during the period. Monograph Wealth Advisors LLC’s holdings in Invesco QQQ were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock valued at $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ during the fourth quarter worth $4,904,000. Capital & Planning LLC raised its position in shares of Invesco QQQ by 5.0% during the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock worth $2,477,000 after acquiring an additional 229 shares during the last quarter. Finally, Naviter Wealth LLC lifted its stake in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after acquiring an additional 107 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.3%

Invesco QQQ stock opened at $520.27 on Wednesday. The stock has a market cap of $326.03 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business’s 50-day simple moving average is $472.85 and its 200 day simple moving average is $500.53.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.