Erickson Financial Group LLC Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Erickson Financial Group LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,965 shares of the exchange traded fund’s stock after selling 189 shares during the period. Invesco QQQ comprises 9.8% of Erickson Financial Group LLC’s holdings, making the stock its 4th largest position. Erickson Financial Group LLC’s holdings in Invesco QQQ were worth $13,113,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sagace Wealth Management LLC raised its position in Invesco QQQ by 3.6% during the first quarter. Sagace Wealth Management LLC now owns 2,844 shares of the exchange traded fund’s stock worth $1,334,000 after acquiring an additional 98 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Invesco QQQ by 2.3% during the 1st quarter. Fifth Third Bancorp now owns 23,196 shares of the exchange traded fund’s stock worth $10,877,000 after purchasing an additional 518 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Invesco QQQ by 49.3% in the 1st quarter. Simon Quick Advisors LLC now owns 6,329 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 2,091 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Invesco QQQ by 4.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 31,314 shares of the exchange traded fund’s stock valued at $14,684,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Zhang Financial LLC lifted its stake in Invesco QQQ by 32.4% in the 1st quarter. Zhang Financial LLC now owns 8,002 shares of the exchange traded fund’s stock valued at $3,752,000 after purchasing an additional 1,956 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $532.41 on Thursday. The stock has a market capitalization of $333.63 billion, a P/E 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. The stock has a 50-day simple moving average of $488.16 and a 200 day simple moving average of $502.45.

Invesco QQQ Cuts Dividend

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