Flaharty Asset Management LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Flaharty Asset Management LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,108 shares of the exchange traded fund’s stock after selling 949 shares during the quarter. Invesco QQQ makes up about 1.0% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Flaharty Asset Management LLC’s holdings in Invesco QQQ were worth $6,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Proficio Capital Partners LLC lifted its holdings in Invesco QQQ by 51,292.3% in the 4th 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 during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% in the 4th 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 during the period. Artemis Wealth Advisors LLC lifted its holdings in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after buying an additional 895,277 shares during the period. Toronto Dominion Bank lifted its holdings in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $508.30 on Friday. The firm has a market capitalization of $320.36 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock has a 50 day moving average price of $522.05 and a 200-day moving average price of $503.00. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.