First Command Advisory Services Inc. Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

First Command Advisory Services Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,583 shares of the exchange traded fund’s stock after selling 242 shares during the quarter. First Command Advisory Services Inc.’s holdings in Invesco QQQ were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC boosted its holdings in Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after acquiring an additional 1,854 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Invesco QQQ by 3.1% during the third quarter. Fidelis Capital Partners LLC now owns 5,677 shares of the exchange traded fund’s stock worth $2,772,000 after acquiring an additional 169 shares during the last quarter. Eagle Strategies LLC increased its holdings in shares of Invesco QQQ by 8.9% during the third quarter. Eagle Strategies LLC now owns 3,624 shares of the exchange traded fund’s stock valued at $1,769,000 after acquiring an additional 297 shares in the last quarter. Finally, Lodestar Private Asset Management LLC raised its position in shares of Invesco QQQ by 1.0% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 71,654 shares of the exchange traded fund’s stock valued at $34,972,000 after purchasing an additional 689 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of Invesco QQQ stock opened at $514.56 on Thursday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm’s 50 day simple moving average is $522.53 and its two-hundred day simple moving average is $502.62. The firm has a market capitalization of $324.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.