First Heartland Consultants Inc. Has $32.39 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

First Heartland Consultants Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,349 shares of the exchange traded fund's stock after selling 2,243 shares during the period. Invesco QQQ comprises about 3.2% of First Heartland Consultants Inc.'s holdings, making the stock its 4th largest holding. First Heartland Consultants Inc.'s holdings in Invesco QQQ were worth $32,386,000 as of its most recent filing with the Securities and Exchange Commission.

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

Invesco QQQ Stock Down 0.9%

Shares of QQQ traded down $4.76 during mid-day trading on Friday, hitting $509.24. 58,324,904 shares of the company's stock traded hands, compared to its average volume of 37,363,809. The firm has a market capitalization of $319.12 billion, a P/E ratio of 30.62 and a beta of 1.11. The business's 50-day moving average price is $474.84 and its 200-day moving average price is $500.89. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 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.