Invesco QQQ (NASDAQ:QQQ) is Foresight Capital Management Advisors Inc.'s 6th Largest Position

Foresight Capital Management Advisors Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,543 shares of the exchange traded fund's stock after selling 8,049 shares during the quarter. Invesco QQQ accounts for about 3.1% of Foresight Capital Management Advisors Inc.'s holdings, making the stock its 6th biggest position. Foresight Capital Management Advisors Inc.'s holdings in Invesco QQQ were worth $4,944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. USA Financial Formulas raised its stake in shares of Invesco QQQ by 454.9% during the 1st quarter. USA Financial Formulas now owns 10,909 shares of the exchange traded fund's stock worth $5,115,000 after buying an additional 8,943 shares during the last quarter. Rowlandmiller & PARTNERS.ADV acquired a new position in Invesco QQQ in the 1st quarter valued at about $128,000. Redhawk Wealth Advisors Inc. raised its stake in Invesco QQQ by 10.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 11,416 shares of the exchange traded fund's stock valued at $5,353,000 after purchasing an additional 1,063 shares during the last quarter. Kozak & Associates Inc. raised its stake in Invesco QQQ by 1.0% in the 1st quarter. Kozak & Associates Inc. now owns 73,724 shares of the exchange traded fund's stock valued at $33,727,000 after purchasing an additional 703 shares during the last quarter. Finally, Trueblood Wealth Management LLC raised its stake in Invesco QQQ by 16.6% in the 1st quarter. Trueblood Wealth Management LLC now owns 737 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded down $6.70 during trading on Friday, hitting $526.96. The stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The company's 50 day moving average price is $492.58 and its two-hundred day moving average price is $502.75. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

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 paid a $0.7157 dividend. The ex-dividend date of this dividend was 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.