Martin Capital Advisors LLP Trims Stock Position in Invesco QQQ (NASDAQ:QQQ)

Martin Capital Advisors LLP decreased its position in Invesco QQQ (NASDAQ:QQQ) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,497 shares of the exchange traded fund’s stock after selling 25 shares during the quarter. Invesco QQQ accounts for 5.0% of Martin Capital Advisors LLP’s portfolio, making the stock its 3rd biggest holding. Martin Capital Advisors LLP’s holdings in Invesco QQQ were worth $5,937,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Red Tortoise LLC increased its position in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial acquired a new position in Invesco QQQ during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $42,000. Russell Investments Group Ltd. acquired a new position in Invesco QQQ during the 2nd quarter valued at about $44,000. Finally, Core Wealth Advisors Inc. increased its position in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

NASDAQ:QQQ traded down $8.76 during mid-day trading on Friday, hitting $414.65. 75,029,088 shares of the company’s stock traded hands, compared to its average volume of 46,000,395. The company has a fifty day moving average of $438.05 and a 200 day moving average of $407.51. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, March 18th.

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.