MAS Advisors LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

MAS Advisors LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 48.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,907 shares of the exchange traded fund’s stock after selling 1,786 shares during the period. Invesco QQQ accounts for 1.6% of MAS Advisors LLC’s portfolio, making the stock its 17th biggest position. MAS Advisors LLC’s holdings in Invesco QQQ were worth $975,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Tanager Wealth Management LLP boosted its stake in Invesco QQQ by 7.0% in the fourth quarter. Tanager Wealth Management LLP now owns 2,230 shares of the exchange traded fund’s stock valued at $1,140,000 after acquiring an additional 145 shares in the last quarter. RFG Holdings Inc. grew its stake in Invesco QQQ by 0.5% during the 4th quarter. RFG Holdings Inc. now owns 81,730 shares of the exchange traded fund’s stock worth $41,797,000 after buying an additional 387 shares during the last quarter. Greenwood Capital Associates LLC increased its position in Invesco QQQ by 93.2% during the fourth quarter. Greenwood Capital Associates LLC now owns 8,708 shares of the exchange traded fund’s stock worth $4,452,000 after buying an additional 4,201 shares during the period. Stephens Consulting LLC increased its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after acquiring an additional 19 shares during the period. Finally, Welch Group LLC raised its position in Invesco QQQ by 2.7% in the 4th quarter. Welch Group LLC now owns 3,744 shares of the exchange traded fund’s stock valued at $1,930,000 after purchasing an additional 98 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $524.47 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The company’s fifty day moving average is $519.78 and its two-hundred day moving average is $494.47.

Invesco QQQ Announces Dividend

The business also recently declared 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 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.