Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 87.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 443 shares of the exchange traded fund's stock after selling 3,060 shares during the period. Mach 1 Financial Group LLC's holdings in Invesco QQQ were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC raised its stake in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after purchasing an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the period. Finally, CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock valued at $940,676,000 after buying an additional 13,772 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $11.45 during trading hours on Thursday, reaching $466.01. 27,364,602 shares of the stock were exchanged, compared to its average volume of 36,535,709. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market cap of $298.20 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm's 50 day moving average is $477.15 and its 200 day moving average is $500.25.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued 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.