RVW Wealth LLC Sells 496 Shares of Invesco QQQ (NASDAQ:QQQ)

RVW Wealth LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,723 shares of the exchange traded fund’s stock after selling 496 shares during the quarter. Invesco QQQ makes up approximately 1.0% of RVW Wealth LLC’s holdings, making the stock its 29th biggest position. RVW Wealth LLC’s holdings in Invesco QQQ were worth $10,594,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Crews Bank & Trust bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $5,518,000. Capital Investment Advisory Services LLC lifted its position in shares of Invesco QQQ by 10.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 18,189 shares of the exchange traded fund’s stock worth $9,299,000 after buying an additional 1,731 shares in the last quarter. OLD National Bancorp IN boosted its stake in Invesco QQQ by 20.4% during the fourth quarter. OLD National Bancorp IN now owns 3,770 shares of the exchange traded fund’s stock valued at $1,927,000 after buying an additional 640 shares during the last quarter. DMC Group LLC grew its holdings in Invesco QQQ by 9.0% during the 4th quarter. DMC Group LLC now owns 760 shares of the exchange traded fund’s stock valued at $389,000 after buying an additional 63 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth approximately $463,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.4 %

Shares of QQQ opened at $523.05 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The business’s 50 day simple moving average is $518.86 and its 200-day simple moving average is $493.75.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.