American Financial Advisors LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,656 shares of the exchange traded fund's stock after selling 4,082 shares during the period. Invesco QQQ makes up 10.3% 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 $79,649,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the business. Sovran Advisors LLC raised its stake in shares of Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund's stock worth $11,212,000 after buying an additional 1,340 shares during the period. Corepath Wealth Partners LLC raised its stake in shares of Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund's stock worth $5,471,000 after buying an additional 1,436 shares during the period. Great Point Wealth Advisors LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $507,000. Strengthening Families & Communities LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $10,771,000. Finally, Cane Capital Partners LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $715,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Stock Down 0.2%
Shares of QQQ stock opened at $672.88 on Tuesday. The stock has a 50 day simple moving average of $610.87 and a 200-day simple moving average of $614.18. Invesco QQQ has a 1-year low of $476.78 and a 1-year high of $676.73.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.
Invesco QQQ 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.
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