Invesco QQQ (NASDAQ:QQQ) is Atmos Capital Gestao DE Recursos LTDA.’s 8th Largest Position

Atmos Capital Gestao DE Recursos LTDA. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 46.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,127 shares of the exchange traded fund’s stock after selling 2,767 shares during the period. Invesco QQQ makes up 0.3% of Atmos Capital Gestao DE Recursos LTDA.’s portfolio, making the stock its 8th biggest position. Atmos Capital Gestao DE Recursos LTDA.’s holdings in Invesco QQQ were worth $1,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in 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. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter worth about $35,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.6 %

Shares of NASDAQ QQQ opened at $444.48 on Wednesday. The company has a market capitalization of $284.42 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business has a 50 day simple moving average of $478.81 and a 200-day simple moving average of $500.56.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

About Invesco QQQ

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.