IFG Advisors LLC Sells 2,235 Shares of Invesco QQQ (NASDAQ:QQQ)

IFG Advisors LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,727 shares of the exchange traded fund's stock after selling 2,235 shares during the period. Invesco QQQ comprises 6.5% of IFG Advisors LLC's holdings, making the stock its 5th largest holding. IFG Advisors LLC's holdings in Invesco QQQ were worth $33,634,000 as of its most recent SEC filing.Strategists Say Hold: Stocks May Beat the 'Sell in May' TrendOther large investors have also made changes to their positions in the company. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 44.58% of the company's stock. Invesco QQQ Price PerformanceShares of NASDAQ:QQQ opened at $516.69 on Friday. The company has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The firm has a 50 day simple moving average of $478.06 and a 200 day simple moving average of $501.10. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. Invesco QQQ Cuts DividendS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th. Invesco QQQ Company Profile (Free Report)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.Featured StoriesFive stocks we like better than Invesco QQQWhat is a Stock Market Index and How Do You Use Them?Nike’s Amazon Expansion Could Signal a Turnaround in 2025Low PE Growth Stocks: Unlocking Investment OpportunitiesIntel’s Turnaround May Be the Best Bet No One’s WatchingHow Investors Can Identify and Successfully Trade Gap-Down Stocks3 Defense Stocks That Will Profit From a Golden DomePayPal Stock: Too Cheap to Ignore, Too Strong to MissWant to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here