Invesco QQQ (NASDAQ:QQQ) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 119,970 shares of the exchange traded fund’s stock after selling 2,285 shares during the period. Invesco QQQ accounts for 8.6% of American Financial Advisors LLC’s investment portfolio, making the stock its largest holding. American Financial Advisors LLC’s holdings in Invesco QQQ were worth $61,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. Finally, BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

Shares of Invesco QQQ stock opened at $538.15 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company has a 50 day moving average of $522.38 and a 200 day moving average of $497.86.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.