Objective Capital Management LLC Sells 575 Shares of Invesco QQQ (NASDAQ:QQQ)

Objective Capital Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,708 shares of the exchange traded fund's stock after selling 575 shares during the period. Invesco QQQ comprises 3.3% of Objective Capital Management LLC's holdings, making the stock its 5th largest holding. Objective Capital Management LLC's holdings in Invesco QQQ were worth $4,963,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stephens Consulting LLC boosted its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after buying an additional 19 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after buying an additional 20 shares during the period. RAM Investment Partners LLC lifted its holdings in Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after buying an additional 20 shares during the period. HighMark Wealth Management LLC lifted its holdings in Invesco QQQ by 5.2% during the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after buying an additional 20 shares during the period. Finally, Providence First Trust Co lifted its holdings in Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after buying an additional 20 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $3.24 during mid-day trading on Friday, reaching $516.69. 67,585,697 shares of the company were exchanged, compared to its average volume of 37,748,895. The business has a fifty day moving average of $478.06 and a 200 day moving average of $501.10. The firm has a market cap of $323.78 billion, a P/E 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.

Invesco QQQ Cuts Dividend

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

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.