Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,673 shares of the exchange traded fund’s stock after selling 69 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Invesco QQQ were worth $784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC boosted its holdings in shares of Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after acquiring an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after acquiring an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. lifted its holdings in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 21 shares during the last quarter. MTM Investment Management LLC lifted its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC lifted its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $564.10 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.63. The firm has a 50-day moving average of $545.11 and a two-hundred day moving average of $510.97.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.