Southeast Asset Advisors LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Southeast Asset Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,030 shares of the exchange traded fund’s stock after acquiring an additional 40 shares during the quarter. Southeast Asset Advisors LLC’s holdings in Invesco QQQ were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. SOA Wealth Advisors LLC. increased its holdings in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the period. Weiss Asset Management LP purchased a new position in shares of Invesco QQQ during the third quarter valued at approximately $1,659,000. Zacks Investment Management purchased a new position in shares of Invesco QQQ during the third quarter valued at approximately $4,191,000. XTX Topco Ltd bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $1,429,000. Finally, Dunhill Financial LLC lifted its stake in Invesco QQQ by 50.1% in the third quarter. Dunhill Financial LLC now owns 1,855 shares of the exchange traded fund’s stock worth $905,000 after acquiring an additional 619 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 6.2 %

NASDAQ:QQQ opened at $422.67 on Monday. Invesco QQQ has a twelve month low of $410.80 and a twelve month high of $540.81. The stock has a market cap of $267.89 billion, a P/E ratio of 30.05 and a beta of 1.11. The firm’s fifty day simple moving average is $501.45 and its 200 day simple moving average is $504.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.