Blue Fin Capital Inc. Has $1.25 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Blue Fin Capital Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,048 shares of the exchange traded fund’s stock after selling 165 shares during the period. Blue Fin Capital Inc.’s holdings in Invesco QQQ were worth $1,248,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. 180 Wealth Advisors LLC raised its stake in Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares during the period. Bank Hapoalim BM lifted its stake in Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. VitalStone Financial LLC raised its holdings in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after acquiring an additional 16,079 shares during the period. Finally, Scarborough Advisors LLC lifted its position in Invesco QQQ by 73.3% in the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $8.58 on Friday, reaching $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The company’s fifty day moving average is $436.53 and its 200-day moving average is $412.18. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

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

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.