Invesco QQQ (NASDAQ:QQQ) Stock Position Cut by SAM Advisors LLC

SAM Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,116 shares of the exchange traded fund’s stock after selling 269 shares during the quarter. Invesco QQQ accounts for approximately 7.0% of SAM Advisors LLC’s holdings, making the stock its 4th largest position. SAM Advisors LLC’s holdings in Invesco QQQ were worth $19,485,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. Finally, BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $526.08 on Friday. The firm’s fifty day simple moving average is $523.39 and its 200-day simple moving average is $500.70. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.