Mmbg Investment Advisors CO. Sells 1,167 Shares of Invesco QQQ $QQQ

Mmbg Investment Advisors CO. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,869 shares of the exchange traded fund’s stock after selling 1,167 shares during the quarter. Invesco QQQ comprises about 0.8% of Mmbg Investment Advisors CO.’s portfolio, making the stock its 28th biggest position. Mmbg Investment Advisors CO.’s holdings in Invesco QQQ were worth $9,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the third quarter worth $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares during the period. Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ in the fourth quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Invesco QQQ in the third quarter valued at $40,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $717.54 on Tuesday. Invesco QQQ has a 1-year low of $505.58 and a 1-year high of $722.12. The company has a fifty day simple moving average of $641.20 and a 200 day simple moving average of $623.69.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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