Invesco QQQ (NASDAQ:QQQ) Shares Sold by Slagle Financial LLC

Slagle Financial LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,557 shares of the exchange traded fund’s stock after selling 138 shares during the period. Slagle Financial LLC’s holdings in Invesco QQQ were worth $1,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. raised its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. FMR LLC raised its holdings in shares of Invesco QQQ by 1.7% during the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after purchasing an additional 13,338 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Invesco QQQ by 13.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock worth $14,378,000 after buying an additional 3,553 shares during the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Finally, Fiduciary Trust Co raised its stake in Invesco QQQ by 4.4% during the third quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock worth $2,688,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

NASDAQ:QQQ opened at $481.62 on Friday. The firm has a market capitalization of $303.54 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock has a 50 day moving average of $509.49 and a 200-day moving average of $504.67.

Invesco QQQ Cuts Dividend

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