TruWealth Advisors LLC Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

TruWealth Advisors LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,194 shares of the exchange traded fund’s stock after selling 53 shares during the period. Invesco QQQ comprises 1.3% of TruWealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. TruWealth Advisors LLC’s holdings in Invesco QQQ were worth $22,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Northeast Investment Management increased its stake in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares in the last quarter. Planning Capital Management Corp increased its position in shares of Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC raised its stake in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the last quarter. Skyline Advisors Inc. lifted its holdings in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. boosted its stake in Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Invesco QQQ stock opened at $521.74 on Friday. The company has a fifty day simple moving average of $515.94 and a 200-day simple moving average of $492.08. Invesco QQQ has a 52-week low of $409.16 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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