Invesco QQQ (NASDAQ:QQQ) Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,873 shares of the exchange traded fund’s stock after selling 6,167 shares during the quarter. Invesco QQQ accounts for 1.1% of RFG Advisory LLC’s portfolio, making the stock its 14th biggest holding. RFG Advisory LLC’s holdings in Invesco QQQ were worth $40,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Asset Advisory Services LLC grew its stake in shares of Invesco QQQ by 1.7% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,387 shares of the exchange traded fund’s stock worth $3,517,000 after purchasing an additional 122 shares during the period. McLean Asset Management Corp boosted its holdings in Invesco QQQ by 8.6% during the first quarter. McLean Asset Management Corp now owns 1,359 shares of the exchange traded fund’s stock worth $637,000 after buying an additional 108 shares in the last quarter. ETF Portfolio Partners Inc. grew its position in Invesco QQQ by 42.1% during the first quarter. ETF Portfolio Partners Inc. now owns 31,385 shares of the exchange traded fund’s stock worth $14,717,000 after buying an additional 9,296 shares during the period. Fulton Bank N.A. increased its holdings in Invesco QQQ by 2.3% in the first quarter. Fulton Bank N.A. now owns 4,895 shares of the exchange traded fund’s stock valued at $2,295,000 after buying an additional 110 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in shares of Invesco QQQ by 6.8% during the 1st quarter. HBW Advisory Services LLC now owns 58,044 shares of the exchange traded fund’s stock valued at $27,218,000 after acquiring an additional 3,702 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $523.21 on Tuesday. The firm has a market capitalization of $327.87 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business’s 50 day simple moving average is $478.83 and its 200-day simple moving average is $501.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. 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.