C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 1,380 Shares of Invesco QQQ $QQQ

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,644 shares of the exchange traded fund’s stock after selling 1,380 shares during the quarter. Invesco QQQ accounts for 1.1% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ investment portfolio, making the stock its 22nd biggest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Invesco QQQ were worth $17,596,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQ. Raab & Moskowitz Asset Management LLC grew its position in Invesco QQQ by 1.0% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 5,459 shares of the exchange traded fund’s stock worth $3,353,000 after acquiring an additional 53 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Invesco QQQ by 2.3% in the fourth quarter. AdvisorNet Financial Inc now owns 23,853 shares of the exchange traded fund’s stock valued at $14,653,000 after purchasing an additional 539 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 17,211 shares of the exchange traded fund’s stock valued at $10,573,000 after purchasing an additional 68 shares during the period. Sheets Smith Wealth Management boosted its stake in shares of Invesco QQQ by 13.7% during the fourth quarter. Sheets Smith Wealth Management now owns 27,735 shares of the exchange traded fund’s stock valued at $17,038,000 after purchasing an additional 3,334 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Invesco QQQ by 538.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,044 shares of the exchange traded fund’s stock worth $1,871,000 after purchasing an additional 2,567 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $584.98 on Friday. The firm’s fifty day moving average is $602.08 and its 200 day moving average is $609.29. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.