Petix & Botte Co Sells 65 Shares of Invesco QQQ (NASDAQ:QQQ)

Petix & Botte Co lessened its position in Invesco QQQ (NASDAQ:QQQ) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,568 shares of the exchange traded fund’s stock after selling 65 shares during the quarter. Invesco QQQ makes up about 2.0% of Petix & Botte Co’s investment portfolio, making the stock its 17th largest holding. Petix & Botte Co’s holdings in Invesco QQQ were worth $7,447,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QQQ. Stablepoint Partners LLC boosted its stake in Invesco QQQ by 22.0% during the fourth quarter. Stablepoint Partners LLC now owns 2,235 shares of the exchange traded fund’s stock worth $1,143,000 after acquiring an additional 403 shares in the last quarter. Requisite Capital Management LLC lifted its holdings in shares of Invesco QQQ by 5.4% during the fourth quarter. Requisite Capital Management LLC now owns 8,394 shares of the exchange traded fund’s stock valued at $4,291,000 after purchasing an additional 427 shares during the last quarter. Novare Capital Management LLC boosted its position in shares of Invesco QQQ by 137.4% in the 4th quarter. Novare Capital Management LLC now owns 11,851 shares of the exchange traded fund’s stock worth $6,058,000 after purchasing an additional 6,860 shares in the last quarter. MKT Advisors LLC grew its stake in shares of Invesco QQQ by 0.8% in the 4th quarter. MKT Advisors LLC now owns 3,297 shares of the exchange traded fund’s stock worth $1,720,000 after buying an additional 25 shares during the last quarter. Finally, Embree Financial Group grew its stake in shares of Invesco QQQ by 0.8% in the 4th quarter. Embree Financial Group now owns 116,043 shares of the exchange traded fund’s stock worth $59,325,000 after buying an additional 963 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $529.63 on Monday. The business has a fifty day moving average price of $517.86 and a 200-day moving average price of $493.28. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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 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.