Invesco QQQ (NASDAQ:QQQ) Shares Sold by LM Advisors LLC

LM Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,497 shares of the exchange traded fund’s stock after selling 121 shares during the quarter. Invesco QQQ accounts for 2.6% of LM Advisors LLC’s portfolio, making the stock its 11th biggest holding. LM Advisors LLC’s holdings in Invesco QQQ were worth $15,591,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PayPay Securities Corp grew 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 valued at $25,000 after buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the fourth quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $37,000. Finally, Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $484.38 on Thursday. The stock has a 50-day simple moving average of $510.12 and a 200-day simple moving average of $504.83. The stock has a market capitalization of $305.28 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

About Invesco QQQ

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.