Briaud Financial Planning Inc Sells 876 Shares of Invesco QQQ (NASDAQ:QQQ)

Briaud Financial Planning Inc decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,944 shares of the exchange traded fund’s stock after selling 876 shares during the quarter. Invesco QQQ accounts for about 12.7% of Briaud Financial Planning Inc’s investment portfolio, making the stock its 4th largest position. Briaud Financial Planning Inc’s holdings in Invesco QQQ were worth $31,156,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the period. Pettinga Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after acquiring an additional 1,854 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Invesco QQQ by 2.1% during the third quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock worth $13,112,000 after acquiring an additional 556 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth $91,000. Finally, Ridgecrest Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 5.3% during the third quarter. Ridgecrest Wealth Partners LLC now owns 4,096 shares of the exchange traded fund’s stock worth $1,999,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 3.9 %

Shares of NASDAQ:QQQ opened at $472.73 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The business has a fifty day simple moving average of $517.98 and a 200 day simple moving average of $504.13. The firm has a market cap of $297.94 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 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.