WorthPointe LLC Sells 1,051 Shares of Invesco QQQ $QQQ

WorthPointe LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,156 shares of the exchange traded fund’s stock after selling 1,051 shares during the quarter. Invesco QQQ accounts for 0.7% of WorthPointe LLC’s portfolio, making the stock its 27th largest position. WorthPointe LLC’s holdings in Invesco QQQ were worth $2,553,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Well Done LLC lifted its holdings in shares of Invesco QQQ by 0.5% in the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after acquiring an additional 16 shares during the last quarter. Enclave Advisors LLC increased its position in Invesco QQQ by 0.9% during the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after purchasing an additional 17 shares during the period. IFS Advisors LLC increased its position in Invesco QQQ by 4.1% during the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 17 shares during the period. Mezzasalma Advisors LLC increased its position in Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after purchasing an additional 17 shares during the period. Finally, TCV Trust & Wealth Management Inc. grew its position in shares of Invesco QQQ by 1.4% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after buying an additional 17 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5%

QQQ stock opened at $640.47 on Friday. The firm has a 50 day moving average of $600.91 and a 200 day moving average of $610.32. Invesco QQQ has a 52 week low of $427.93 and a 52 week high of $642.18.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

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.