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

LifeSteps Financial Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,010 shares of the exchange traded fund’s stock after selling 226 shares during the period. Invesco QQQ makes up 14.9% of LifeSteps Financial Inc.’s investment portfolio, making the stock its biggest position. LifeSteps Financial Inc.’s holdings in Invesco QQQ were worth $19,432,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Greystone Financial Group LLC lifted its position in Invesco QQQ by 24.8% in the 4th quarter. Greystone Financial Group LLC now owns 6,579 shares of the exchange traded fund’s stock worth $3,363,000 after buying an additional 1,308 shares during the last quarter. Dahring Cusmano LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $318,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $3,899,000. Outfitter Financial LLC grew its holdings in shares of Invesco QQQ by 12.8% during the 4th quarter. Outfitter Financial LLC now owns 1,236 shares of the exchange traded fund’s stock valued at $632,000 after purchasing an additional 140 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Invesco QQQ in the 4th quarter worth $449,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $526.08 on Friday. The firm has a fifty day simple moving average of $523.39 and a two-hundred day simple moving average of $500.70. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Dividend Announcement

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