Capital Advisory Group Advisory Services LLC Trims Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Capital Advisory Group Advisory Services LLC cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,696 shares of the exchange traded fund's stock after selling 4,147 shares during the quarter. Invesco QQQ accounts for about 4.8% of Capital Advisory Group Advisory Services LLC's portfolio, making the stock its 3rd largest holding. Capital Advisory Group Advisory Services LLC's holdings in Invesco QQQ were worth $12,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighMark Wealth Management LLC raised its stake in shares of Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after buying an additional 20 shares during the period. Providence First Trust Co grew its holdings in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after buying an additional 20 shares in the last quarter. Diversified Enterprises LLC raised its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after buying an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares in the last quarter. Finally, Legacy Investment Solutions LLC boosted its position in shares of Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.4%

QQQ traded up $1.91 during trading on Thursday, hitting $534.32. 22,073,621 shares of the company traded hands, compared to its average volume of 38,189,322. The company has a market cap of $334.83 billion, a PE ratio of 32.66 and a beta of 1.11. The stock's 50-day simple moving average is $488.16 and its two-hundred day simple moving average is $502.45. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given 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.