Valence8 US LP Sells 4,351 Shares of Invesco QQQ (NASDAQ:QQQ)

Valence8 US LP reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,798 shares of the exchange traded fund’s stock after selling 4,351 shares during the quarter. Invesco QQQ accounts for 20.6% of Valence8 US LP’s holdings, making the stock its 2nd largest position. Valence8 US LP’s holdings in Invesco QQQ were worth $42,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of QQQ. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, Perritt Capital Management Inc acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $476.15 on Thursday. The stock has a market capitalization of $302.05 billion, a P/E ratio of 30.05 and a beta of 1.18. The company’s fifty day moving average price is $505.23 and its 200 day moving average price is $505.09. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.