Flynn Zito Capital Management LLC Sells 84 Shares of Invesco QQQ (NASDAQ:QQQ)

Flynn Zito Capital Management LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,194 shares of the exchange traded fund’s stock after selling 84 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Invesco QQQ were worth $489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Red Tortoise LLC increased its stake in 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 acquiring an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in Invesco QQQ in the 4th quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter worth about $42,000. Core Wealth Advisors Inc. increased its stake in 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 during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Invesco QQQ in the 2nd quarter worth about $44,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $2.43 during trading on Thursday, reaching $423.41. The company’s stock had a trading volume of 45,154,025 shares, compared to its average volume of 45,554,012. The firm has a fifty day moving average of $438.24 and a 200 day moving average of $407.40. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.