Free Trial

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

Invesco QQQ logo with Finance background

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

(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.

Recommended Stories

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Should You Invest $1,000 in Invesco QQQ Right Now?

Before you consider Invesco QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.

While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines