Rovin Capital UT ADV Sells 344 Shares of Invesco QQQ (NASDAQ:QQQ)

Rovin Capital UT ADV cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,446 shares of the exchange traded fund’s stock after selling 344 shares during the quarter. Invesco QQQ makes up approximately 2.3% of Rovin Capital UT ADV’s portfolio, making the stock its 12th biggest position. Rovin Capital UT ADV’s holdings in Invesco QQQ were worth $6,363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $73,000. Finally, Providence Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7 %

Shares of QQQ stock opened at $513.08 on Friday. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The stock has a 50 day simple moving average of $515.79 and a two-hundred day simple moving average of $491.65.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.