J.Safra Asset Management Corp Has $131.17 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

J.Safra Asset Management Corp lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,308 shares of the exchange traded fund's stock after selling 26,862 shares during the period. Invesco QQQ comprises 18.4% of J.Safra Asset Management Corp's holdings, making the stock its biggest holding. J.Safra Asset Management Corp owned approximately 0.06% of Invesco QQQ worth $131,173,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its holdings in Invesco QQQ by 156.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 3,604 shares of the exchange traded fund's stock worth $1,476,000 after purchasing an additional 2,200 shares in the last quarter. Bradley & Co. Private Wealth Management LLC raised its stake in shares of Invesco QQQ by 819.3% during the fourth quarter. Bradley & Co. Private Wealth Management LLC now owns 1,379 shares of the exchange traded fund's stock valued at $565,000 after acquiring an additional 1,229 shares during the last quarter. Tandem Capital Management Corp ADV bought a new stake in shares of Invesco QQQ in the fourth quarter worth $410,000. Jackson Hole Capital Partners LLC raised its position in Invesco QQQ by 1.5% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 12,195 shares of the exchange traded fund's stock worth $4,994,000 after purchasing an additional 177 shares during the last quarter. Finally, Advanced Asset Management Advisors Inc grew its position in shares of Invesco QQQ by 3.6% in the 4th quarter. Advanced Asset Management Advisors Inc now owns 5,162 shares of the exchange traded fund's stock valued at $2,114,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded down $2.06 during trading on Thursday, hitting $424.45. The company's stock had a trading volume of 55,724,294 shares, compared to its average volume of 46,182,387. The stock's fifty day moving average price is $436.87 and its 200-day moving average price is $409.67. Invesco QQQ has a twelve month low of $311.34 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.