Athena Investment Management Sells 113 Shares of Invesco QQQ (NASDAQ:QQQ)

Athena Investment Management cut its position in Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,521 shares of the exchange traded fund’s stock after selling 113 shares during the quarter. Athena Investment Management’s holdings in Invesco QQQ were worth $778,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QQQ. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $508.30 on Friday. The firm has a market cap of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The business’s fifty day moving average is $522.05 and its 200 day moving average is $503.00. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Dividend Announcement

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

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.