Invesco QQQ Trust (NASDAQ:QQQ) Stake Lessened by Clarus Wealth Advisors

Clarus Wealth Advisors lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,792 shares of the exchange traded fund’s stock after selling 568 shares during the quarter. Invesco QQQ Trust comprises about 0.6% of Clarus Wealth Advisors’ holdings, making the stock its 21st largest position. Clarus Wealth Advisors’ holdings in Invesco QQQ Trust were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sontag Advisory LLC purchased a new stake in Invesco QQQ Trust in the 4th quarter worth approximately $46,000. CX Institutional grew its stake in shares of Invesco QQQ Trust by 1,811.1% during the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 326 shares during the period. Capital Financial Planning LLC purchased a new stake in shares of Invesco QQQ Trust during the 4th quarter valued at $55,000. LS Investment Advisors LLC grew its stake in shares of Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 75 shares during the period. Finally, Delta Asset Management LLC TN grew its stake in shares of Invesco QQQ Trust by 149.1% during the 4th quarter. Delta Asset Management LLC TN now owns 436 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 261 shares during the period. Hedge funds and other institutional investors own 48.37% of the company’s stock.

Shares of NASDAQ QQQ opened at $190.65 on Friday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $191.22.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.3242 per share. The ex-dividend date is Monday, March 18th. This represents a $1.30 dividend on an annualized basis and a yield of 0.68%.

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Invesco QQQ Trust 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.

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

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