Ranch Capital Advisors Inc. Reduces Stake in Invesco QQQ (NASDAQ:QQQ)

Ranch Capital Advisors Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,742 shares of the exchange traded fund’s stock after selling 101 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Invesco QQQ were worth $891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC raised its stake in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Planning Capital Management Corp raised its stake in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC raised its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the last quarter. 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 buying an additional 20 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $491.79 on Monday. The stock has a 50-day simple moving average of $518.84 and a two-hundred day simple moving average of $504.14. The firm has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.