Centaurus Financial Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,829 shares of the exchange traded fund's stock after selling 61,604 shares during the quarter. Invesco QQQ comprises approximately 1.8% of Centaurus Financial Inc.'s holdings, making the stock its 7th largest position. Centaurus Financial Inc.'s holdings in Invesco QQQ were worth $29,564,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Wealthedge Investment Advisors LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $2,175,000. Lighthouse Financial LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $9,647,000. Alpha Wealth Funds LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $219,000. Copia Wealth Management bought a new position in Invesco QQQ in the 4th quarter valued at approximately $326,000. Finally, Elite Financial Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $1,540,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Trading Up 0.2%
QQQ stock traded up $1.02 during midday trading on Thursday, hitting $519.93. The company's stock had a trading volume of 58,441,678 shares, compared to its average volume of 37,601,022. The company has a market cap of $325.81 billion, a PE 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 firm's 50-day moving average is $477.01 and its 200-day moving average is $501.03.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Profile
(
Free Report)
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.
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