Invesco QQQ (NASDAQ:QQQ) Stock Holdings Cut by Family Legacy Inc.

Family Legacy Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,410 shares of the exchange traded fund’s stock after selling 144 shares during the period. Invesco QQQ makes up about 1.6% of Family Legacy Inc.’s investment portfolio, making the stock its 21st largest holding. Family Legacy Inc.’s holdings in Invesco QQQ were worth $4,849,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC lifted its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after purchasing an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC boosted its holdings in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares in the last quarter. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 20 shares during the period. Finally, RAM Investment Partners LLC grew its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $468.94 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company’s 50 day simple moving average is $508.43 and its 200-day simple moving average is $505.35. The firm has a market capitalization of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is 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.