Slagle Financial LLC Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Slagle Financial LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,557 shares of the exchange traded fund’s stock after selling 138 shares during the quarter. Slagle Financial LLC’s holdings in Invesco QQQ were worth $1,818,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PayPay Securities Corp lifted its position 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 during the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during 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 stake in Invesco QQQ in the 4th quarter valued at approximately $51,000. Finally, BNP Paribas purchased a new stake in Invesco QQQ in the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $481.62 on Friday. The business has a fifty day moving average price of $509.49 and a 200 day moving average price of $504.67. 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 $303.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date 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.