SOA Wealth Advisors LLC. Has $6.72 Million Position in Invesco QQQ (NASDAQ:QQQ)

SOA Wealth Advisors LLC. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,335 shares of the exchange traded fund's stock after selling 2,997 shares during the period. SOA Wealth Advisors LLC.'s holdings in Invesco QQQ were worth $6,722,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new position in Invesco QQQ during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.0%

QQQ traded up $5.13 during trading hours on Friday, hitting $529.92. 42,389,151 shares of the company's stock were exchanged, compared to its average volume of 38,061,714. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock's 50-day moving average is $483.20 and its two-hundred day moving average is $501.87. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.