Williams Jones Wealth Management LLC. Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Williams Jones Wealth Management LLC. lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 55.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,575 shares of the exchange traded fund's stock after selling 14,468 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Invesco QQQ were worth $5,917,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Willis Johnson & Associates Inc. raised its stake in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares during the period. Vident Advisory LLC grew its stake in shares of Invesco QQQ by 160.6% during the 4th quarter. Vident Advisory LLC now owns 18,033 shares of the exchange traded fund's stock worth $9,219,000 after acquiring an additional 11,113 shares during the period. Vienna Asset Management LLC grew its stake in shares of Invesco QQQ by 3.4% during the 4th quarter. Vienna Asset Management LLC now owns 14,824 shares of the exchange traded fund's stock worth $7,579,000 after acquiring an additional 487 shares during the period. Visionary Wealth Advisors increased its holdings in Invesco QQQ by 9.3% in the 4th quarter. Visionary Wealth Advisors now owns 10,160 shares of the exchange traded fund's stock worth $5,194,000 after acquiring an additional 866 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $12,405,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

NASDAQ QQQ opened at $520.27 on Wednesday. The company has a market cap of $326.03 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The firm's 50-day simple moving average is $472.85 and its two-hundred day simple moving average is $500.53.

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 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.

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