Schechter Investment Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,519 shares of the exchange traded fund's stock after selling 1,899 shares during the quarter. Schechter Investment Advisors LLC's holdings in Invesco QQQ were worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the company. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $51,000. Finally, Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Down 2.8 %
NASDAQ QQQ traded down $13.81 on Thursday, reaching $488.20. The company had a trading volume of 56,656,177 shares, compared to its average volume of 34,996,465. The stock has a market capitalization of $307.69 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The firm's 50 day moving average price is $520.28 and its 200 day moving average price is $503.86.
Invesco QQQ Announces Dividend
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 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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