Virtue Capital Management LLC Sells 23,087 Shares of Invesco QQQ (NASDAQ:QQQ)

Virtue Capital Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 60.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,332 shares of the exchange traded fund's stock after selling 23,087 shares during the period. Invesco QQQ comprises about 1.6% of Virtue Capital Management LLC's holdings, making the stock its 15th largest position. Virtue Capital Management LLC's holdings in Invesco QQQ were worth $7,838,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. raised its stake in Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after acquiring an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after buying an additional 52,235 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4%

NASDAQ:QQQ traded down $2.31 during mid-day trading on Wednesday, reaching $518.91. 44,787,711 shares of the stock were exchanged, compared to its average volume of 37,433,194. The business has a fifty day moving average price of $476.24 and a 200 day moving average price of $500.91. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The firm has a market capitalization of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11.

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 issued a dividend of $0.7157 per share. The ex-dividend date 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.