Colton Groome Financial Advisors LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

Colton Groome Financial Advisors LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 34.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,378 shares of the exchange traded fund’s stock after selling 4,450 shares during the quarter. Invesco QQQ accounts for 1.5% of Colton Groome Financial Advisors LLC’s portfolio, making the stock its 16th biggest holding. Colton Groome Financial Advisors LLC’s holdings in Invesco QQQ were worth $3,431,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ironwood Wealth Management LLC. lifted its stake in shares of Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after purchasing an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its stake in shares of Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 85 shares during the last quarter. Roundview Capital LLC lifted its stake in shares of Invesco QQQ by 0.9% during the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after acquiring an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Invesco QQQ by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after acquiring an additional 278 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Invesco QQQ by 309.2% during the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after acquiring an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $2.43 on Thursday, reaching $423.41. 46,045,029 shares of the company’s stock were exchanged, compared to its average volume of 45,625,719. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The company’s fifty day simple moving average is $438.24 and its 200 day simple moving average is $407.40.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.