RFG Advisory LLC Sells 6,167 Shares of Invesco QQQ (NASDAQ:QQQ)

RFG Advisory LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,873 shares of the exchange traded fund's stock after selling 6,167 shares during the quarter. Invesco QQQ makes up approximately 1.1% of RFG Advisory LLC's holdings, making the stock its 14th biggest holding. RFG Advisory LLC's holdings in Invesco QQQ were worth $40,268,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its holdings in Invesco QQQ by 51,292.3% during 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 acquiring an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 47,853.9% during 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 purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded down $3.98 during trading on Thursday, reaching $524.79. The company had a trading volume of 58,876,099 shares, compared to its average volume of 37,908,638. The company has a market cap of $337.36 billion, a P/E ratio of 32.66 and a beta of 1.18. The business's fifty day moving average price is $480.94 and its 200 day moving average price is $501.53. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The business 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 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.