Invesco QQQ (NASDAQ:QQQ) Shares Sold by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,124 shares of the exchange traded fund’s stock after selling 475 shares during the period. Invesco QQQ comprises approximately 2.4% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 11th biggest holding. AllGen Financial Advisors Inc.’s holdings in Invesco QQQ were worth $7,220,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQ. PayPay Securities Corp increased 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 buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $51,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ during the fourth quarter worth approximately $61,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $450.66 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market capitalization of $285.88 billion, a PE ratio of 30.05 and a beta of 1.18. The business has a 50 day simple moving average of $503.59 and a 200-day simple moving average of $504.72.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. 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.