Blue Fin Capital Inc. Sells 165 Shares of Invesco QQQ (NASDAQ:QQQ)

Blue Fin Capital Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of QQQ. Red Tortoise LLC lifted its position in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new stake in Invesco QQQ during the 4th quarter valued at $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $42,000. Core Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded up $8.58 on Friday, hitting $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The stock has a fifty day moving average price of $436.53 and a 200-day moving average price of $412.18. Invesco QQQ has a 12-month low of $315.11 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.