Castle Wealth Management LLC Sells 464 Shares of Invesco QQQ (NASDAQ:QQQ)

Castle Wealth Management LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,702 shares of the exchange traded fund’s stock after selling 464 shares during the quarter. Invesco QQQ accounts for about 2.1% of Castle Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Castle Wealth Management LLC’s holdings in Invesco QQQ were worth $3,563,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kraft Davis & Associates LLC grew its position in Invesco QQQ by 884.6% in the fourth quarter. Kraft Davis & Associates LLC now owns 18,914 shares of the exchange traded fund’s stock valued at $8,022,000 after purchasing an additional 16,993 shares in the last quarter. Geneva Partners LLC grew its holdings in shares of Invesco QQQ by 635.7% in the 4th quarter. Geneva Partners LLC now owns 5,827 shares of the exchange traded fund’s stock valued at $2,386,000 after acquiring an additional 5,035 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $437,000. Onyx Bridge Wealth Group LLC increased its position in shares of Invesco QQQ by 2.2% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 50,274 shares of the exchange traded fund’s stock valued at $20,588,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in Invesco QQQ during the fourth quarter worth about $895,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

QQQ stock traded down $8.76 during mid-day trading on Friday, reaching $414.65. The company had a trading volume of 75,140,125 shares, compared to its average volume of 46,015,852. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The stock has a 50 day simple moving average of $437.60 and a two-hundred day simple moving average of $407.88.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.55%.

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.