Invesco QQQ (NASDAQ:QQQ) Shares Sold by M Holdings Securities Inc.

M Holdings Securities Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,360 shares of the exchange traded fund’s stock after selling 1,101 shares during the quarter. Invesco QQQ comprises about 9.6% of M Holdings Securities Inc.’s holdings, making the stock its 2nd biggest holding. M Holdings Securities Inc.’s holdings in Invesco QQQ were worth $61,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 51,292.3% in the fourth 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 acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its position 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 purchasing an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after purchasing an additional 895,277 shares in the last quarter. Anchor Capital Management Group Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $174,214,000. Finally, Cibc World Market Inc. grew its stake in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $457.48 on Tuesday. The stock has a market cap of $285.88 billion, a PE ratio of 30.05 and a beta of 1.11. The stock’s fifty day moving average is $488.94 and its two-hundred day moving average is $502.33. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company 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.