Flynn Zito Capital Management LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Flynn Zito Capital Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,194 shares of the exchange traded fund’s stock after selling 84 shares during the period. Flynn Zito Capital Management LLC’s holdings in Invesco QQQ were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integral Investment Advisors Inc. raised its stake in Invesco QQQ by 3.7% in the 4th quarter. Integral Investment Advisors Inc. now owns 17,467 shares of the exchange traded fund’s stock worth $7,153,000 after acquiring an additional 625 shares during the last quarter. NBW Capital LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $597,000. Curran Financial Partners LLC raised its stake in shares of Invesco QQQ by 11.9% during the 4th quarter. Curran Financial Partners LLC now owns 1,046 shares of the exchange traded fund’s stock valued at $445,000 after buying an additional 111 shares during the last quarter. Roman Butler Fullerton & Co. raised its stake in shares of Invesco QQQ by 24.7% during the 4th quarter. Roman Butler Fullerton & Co. now owns 7,564 shares of the exchange traded fund’s stock valued at $3,206,000 after buying an additional 1,497 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $2.43 during trading on Thursday, reaching $423.41. 45,154,025 shares of the company traded hands, compared to its average volume of 45,554,012. The firm’s fifty day simple moving average is $438.24 and its 200 day simple moving average is $407.40. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

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

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.