Twin Peaks Wealth Advisors LLC Sells 1,515 Shares of Invesco QQQ (NASDAQ:QQQ)

Twin Peaks Wealth Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,292 shares of the exchange traded fund's stock after selling 1,515 shares during the period. Invesco QQQ comprises 1.7% of Twin Peaks Wealth Advisors LLC's investment portfolio, making the stock its 21st largest position. Twin Peaks Wealth Advisors LLC's holdings in Invesco QQQ were worth $3,797,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ traded down $6.70 on Friday, hitting $526.96. 55,743,632 shares of the company were exchanged, compared to its average volume of 38,369,787. The firm has a fifty day simple moving average of $490.36 and a two-hundred day simple moving average of $502.64. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market capitalization of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders 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 Company 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.