Invesco QQQ (NASDAQ:QQQ) Stock Position Lessened by Ashford Capital Management Inc.

Ashford Capital Management Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,951 shares of the exchange traded fund’s stock after selling 1,349 shares during the period. Ashford Capital Management Inc.’s holdings in Invesco QQQ were worth $5,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at $37,000. Finally, Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $522.01 on Tuesday. The company has a market capitalization of $327.12 billion, a PE ratio of 30.62 and a beta of 1.11. The stock’s fifty day moving average is $471.81 and its 200-day moving average is $500.39. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.