Western Wealth Management LLC Sells 139,913 Shares of Invesco QQQ (NASDAQ:QQQ)

Western Wealth Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 97.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,978 shares of the exchange traded fund's stock after selling 139,913 shares during the period. Western Wealth Management LLC's holdings in Invesco QQQ were worth $1,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQ. Wealth Group Ltd. grew its position in shares of Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $4,904,000. Capital & Planning LLC grew its position in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC grew its position in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of Invesco QQQ by 10.7% during the 4th quarter. Simon Quick Advisors LLC now owns 4,238 shares of the exchange traded fund's stock valued at $2,167,000 after purchasing an additional 408 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $514.00 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a fifty day moving average price of $474.14 and a 200-day moving average price of $500.80. The firm has a market capitalization of $322.10 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.