FC Advisory LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

FC Advisory LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the 1st quarter, HoldingsChannel reports. The fund owned 5,373 shares of the exchange traded fund’s stock after selling 48 shares during the quarter. Invesco QQQ comprises about 0.9% of FC Advisory LLC’s investment portfolio, making the stock its 24th biggest holding. FC Advisory LLC’s holdings in Invesco QQQ were worth $2,520,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $519.93 on Friday. The firm has a market capitalization of $325.81 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock’s fifty day moving average is $477.59 and its two-hundred day moving average is $501.08.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued 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.