Invesco QQQ (NASDAQ:QQQ) Stock Holdings Cut by TCM Advisors LLC

TCM Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,900 shares of the exchange traded fund's stock after selling 600 shares during the quarter. Invesco QQQ makes up about 3.3% of TCM Advisors LLC's holdings, making the stock its 3rd biggest holding. TCM Advisors LLC's holdings in Invesco QQQ were worth $33,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $3,802,000. Legacy Investment Solutions LLC increased its stake in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after acquiring an additional 20 shares in the last quarter. Crux Wealth Advisors purchased a new position in Invesco QQQ during the 4th quarter valued at about $537,000. Philadelphia Trust Co. boosted its stake in Invesco QQQ by 22.5% during the fourth quarter. Philadelphia Trust Co. now owns 952 shares of the exchange traded fund's stock worth $487,000 after acquiring an additional 175 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Invesco QQQ by 2.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 870,077 shares of the exchange traded fund's stock worth $444,705,000 after purchasing an additional 20,818 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $3.24 during mid-day trading on Thursday, reaching $447.42. The company had a trading volume of 29,882,435 shares, compared to its average volume of 36,692,879. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a market capitalization of $286.86 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The firm has a 50-day moving average price of $485.93 and a 200 day moving average price of $501.62.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is 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.