Colonial Trust Co SC Sells 45 Shares of Invesco QQQ (NASDAQ:QQQ)

Colonial Trust Co SC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,716 shares of the exchange traded fund’s stock after selling 45 shares during the quarter. Colonial Trust Co SC’s holdings in Invesco QQQ were worth $877,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of QQQ. Principal Financial Group Inc. lifted its stake in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the period. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $815,000. Tandem Investment Partners LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $4,623,000. Finally, Gemsstock Ltd. increased its position in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $483.30 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock has a fifty day moving average price of $468.11 and a 200 day moving average price of $499.34. The stock has a market cap of $302.86 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.