Mystic Asset Management Inc. Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Mystic Asset Management Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,922 shares of the exchange traded fund’s stock after selling 346 shares during the quarter. Invesco QQQ comprises about 2.3% of Mystic Asset Management Inc.’s holdings, making the stock its 6th biggest position. Mystic Asset Management Inc.’s holdings in Invesco QQQ were worth $8,651,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC increased its holdings in shares of Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after purchasing an additional 1,854 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Invesco QQQ by 7.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 223,289 shares of the exchange traded fund’s stock valued at $108,981,000 after purchasing an additional 15,034 shares during the period. TrinityPoint Wealth LLC lifted its position in shares of Invesco QQQ by 2.8% in the third quarter. TrinityPoint Wealth LLC now owns 4,454 shares of the exchange traded fund’s stock worth $2,174,000 after purchasing an additional 120 shares in the last quarter. Finally, Adaptive Financial Consulting LLC boosted its holdings in shares of Invesco QQQ by 0.3% during the third quarter. Adaptive Financial Consulting LLC now owns 29,946 shares of the exchange traded fund’s stock worth $14,616,000 after purchasing an additional 83 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $482.77 on Tuesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market capitalization of $304.27 billion, a PE ratio of 30.74 and a beta of 1.11. The company’s 50 day moving average price is $514.05 and its 200 day moving average price is $504.16.

Invesco QQQ Dividend Announcement

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