Invesco QQQ (NASDAQ:QQQ) Shares Sold by Virtue Capital Management LLC

Virtue Capital Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,332 shares of the exchange traded fund's stock after selling 23,087 shares during the quarter. Invesco QQQ accounts for 1.6% of Virtue Capital Management LLC's portfolio, making the stock its 15th biggest holding. Virtue Capital Management LLC's holdings in Invesco QQQ were worth $7,838,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ in the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter worth $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $11.98 during trading hours on Tuesday, hitting $521.22. 47,029,049 shares of the stock traded hands, compared to its average volume of 37,403,242. The firm's 50 day moving average price is $475.41 and its 200-day moving average price is $500.77. The stock has a market capitalization of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given 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.