Invesco QQQ (NASDAQ:QQQ) Shares Sold by PFG Advisors

PFG Advisors lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 81,056 shares of the exchange traded fund’s stock after selling 2,665 shares during the quarter. Invesco QQQ comprises about 2.5% of PFG Advisors’ portfolio, making the stock its 3rd largest position. PFG Advisors’ holdings in Invesco QQQ were worth $41,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after buying an additional 27,115 shares during the period. Finally, CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after buying an additional 13,772 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ stock opened at $471.60 on Wednesday. The stock has a market cap of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11. The business has a 50-day simple moving average of $517.19 and a 200-day simple moving average of $504.07. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.