Conservest Capital Advisors Inc. Sells 978 Shares of Invesco QQQ (NASDAQ:QQQ)

Conservest Capital Advisors Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,722 shares of the exchange traded fund’s stock after selling 978 shares during the quarter. Invesco QQQ makes up 2.3% of Conservest Capital Advisors Inc.’s holdings, making the stock its 14th largest position. Conservest Capital Advisors Inc.’s holdings in Invesco QQQ were worth $21,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. IMA Wealth Inc. raised its position in Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC raised its position in Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC raised its position in Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the period. Cedrus LLC raised its position in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the period. Finally, Waterfront Wealth Inc. raised its position in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.5 %

Shares of NASDAQ QQQ traded up $6.55 during trading on Friday, reaching $431.00. The stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a fifty-two week low of $315.05 and a fifty-two week high of $449.34. The business’s 50-day moving average price is $436.88 and its 200-day moving average price is $410.40.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.