Founders Capital Management Has $15.91 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Founders Capital Management decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,118 shares of the exchange traded fund’s stock after selling 82 shares during the quarter. Invesco QQQ comprises approximately 10.1% of Founders Capital Management’s investment portfolio, making the stock its biggest holding. Founders Capital Management’s holdings in Invesco QQQ were worth $15,909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the period. Providence Capital Advisors LLC acquired a new stake in Invesco QQQ during the 2nd quarter valued at $76,000. Finally, Ashton Thomas Securities LLC bought a new position in Invesco QQQ during the third quarter worth $91,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.8 %

Invesco QQQ stock traded down $3.84 during trading hours on Monday, hitting $503.35. The company had a trading volume of 16,882,399 shares, compared to its average volume of 32,218,094. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15. The firm has a 50-day moving average of $514.92 and a 200 day moving average of $491.12.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.