Invesco QQQ (NASDAQ:QQQ) Stock Holdings Trimmed by IFG Advisors LLC

IFG Advisors LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,727 shares of the exchange traded fund's stock after selling 2,235 shares during the period. Invesco QQQ makes up about 6.5% of IFG Advisors LLC's holdings, making the stock its 5th largest holding. IFG Advisors LLC's holdings in Invesco QQQ were worth $33,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in QQQ. Proficio Capital Partners LLC raised its position in shares of 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 worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. NWI Management LP raised its position in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Finally, Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $679,936,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.6%

Shares of QQQ stock traded down $3.24 on Friday, reaching $516.69. The company's stock had a trading volume of 67,585,697 shares, compared to its average volume of 37,676,372. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $323.78 billion, a P/E ratio of 30.62 and a beta of 1.11. The stock's 50 day simple moving average is $478.06 and its 200-day simple moving average is $501.02.

Invesco QQQ Cuts Dividend

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