First Horizon Advisors Inc. Has $11.46 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

First Horizon Advisors Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,985 shares of the exchange traded fund’s stock after selling 165 shares during the quarter. First Horizon Advisors Inc.’s holdings in Invesco QQQ were worth $11,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IMA Wealth Inc. lifted its position in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 25 shares during the period. S.A. Mason LLC lifted its holdings in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 25 shares in the last quarter. Cedrus LLC raised its holdings in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its position in shares of Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 2.0 %

Shares of NASDAQ QQQ traded up $8.58 on Friday, reaching $435.48. 48,245,958 shares of the company traded hands, compared to its average volume of 45,909,441. Invesco QQQ has a fifty-two week low of $315.11 and a fifty-two week high of $449.34. The company has a 50 day moving average of $436.56 and a 200 day moving average of $411.72.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

Invesco QQQ 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.