Baker Ellis Asset Management LLC Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Baker Ellis Asset Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,455 shares of the exchange traded fund’s stock after selling 100 shares during the period. Baker Ellis Asset Management LLC’s holdings in Invesco QQQ were worth $3,027,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% in the 4th 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 in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.3%

QQQ stock opened at $532.41 on Thursday. The firm has a 50 day moving average of $488.16 and a 200 day moving average of $502.45. The stock has a market capitalization of $333.63 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was 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.