LifeSteps Financial Inc. Trims Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

LifeSteps Financial Inc. reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 46,098 shares of the exchange traded fund’s stock after selling 42 shares during the quarter. Invesco QQQ Trust comprises 12.4% of LifeSteps Financial Inc.’s portfolio, making the stock its 2nd biggest holding. LifeSteps Financial Inc.’s holdings in Invesco QQQ Trust were worth $16,712,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QQQ. Peregrine Asset Advisers Inc. grew its position in Invesco QQQ Trust by 1.0% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,743 shares of the exchange traded fund’s stock worth $1,091,000 after purchasing an additional 28 shares during the period. Pacific Sun Financial Corp grew its position in Invesco QQQ Trust by 0.5% in the 4th quarter. Pacific Sun Financial Corp now owns 5,237 shares of the exchange traded fund’s stock worth $2,084,000 after purchasing an additional 28 shares during the period. Alliance Wealth Management Group grew its position in Invesco QQQ Trust by 1.6% in the 4th quarter. Alliance Wealth Management Group now owns 1,920 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 30 shares during the period. Towercrest Capital Management grew its position in Invesco QQQ Trust by 0.5% in the 4th quarter. Towercrest Capital Management now owns 6,035 shares of the exchange traded fund’s stock worth $2,401,000 after purchasing an additional 30 shares during the period. Finally, Prio Wealth Limited Partnership grew its position in Invesco QQQ Trust by 2.2% in the 4th quarter. Prio Wealth Limited Partnership now owns 1,419 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 30 shares during the period. 42.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QQQ stock opened at $278.87 on Wednesday. Invesco QQQ Trust has a 1 year low of $269.28 and a 1 year high of $408.71. The firm has a fifty day moving average price of $306.66 and a 200-day moving average price of $343.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, June 22nd will be given a dividend of $0.527 per share. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 0.76%.

Invesco QQQ Trust Company Profile (Get Rating)

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 Trust (NASDAQ:QQQ)

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