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

First Heartland Consultants Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,349 shares of the exchange traded fund’s stock after selling 2,243 shares during the period. Invesco QQQ makes up about 3.2% of First Heartland Consultants Inc.’s holdings, making the stock its 4th biggest holding. First Heartland Consultants Inc.’s holdings in Invesco QQQ were worth $32,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Stephens Consulting LLC grew its stake in 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 buying an additional 19 shares during the last quarter. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Farmers & Merchants Investments Inc. raised its stake in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares in the last quarter. RAM Investment Partners LLC boosted its holdings in Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 20 shares in the last quarter. Finally, HighMark Wealth Management LLC grew its position in Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock valued at $208,000 after acquiring an additional 20 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $520.27 on Wednesday. The business has a fifty day moving average price of $472.85 and a 200 day moving average price of $500.53. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock has a market capitalization of $326.03 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.