Invesco QQQ (NASDAQ:QQQ) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,990 shares of the exchange traded fund’s stock after selling 1,451 shares during the quarter. Invesco QQQ makes up approximately 2.9% of Level Four Advisory Services LLC’s portfolio, making the stock its 3rd largest holding. Level Four Advisory Services LLC’s holdings in Invesco QQQ were worth $70,034,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. NBZ Investment Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $1,608,000. Vertex Planning Partners LLC boosted its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Vertex Planning Partners LLC now owns 4,289 shares of the exchange traded fund’s stock worth $2,193,000 after purchasing an additional 146 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Invesco QQQ by 21.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 111,377 shares of the exchange traded fund’s stock valued at $56,939,000 after purchasing an additional 19,758 shares during the period. Tepp RIA LLC acquired a new position in Invesco QQQ in the fourth quarter valued at $12,333,000. Finally, Frazier Financial Advisors LLC boosted its stake in Invesco QQQ by 1,288.9% in the 4th quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 116 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $481.62 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a market capitalization of $303.54 billion, a PE ratio of 30.74 and a beta of 1.11. The company’s 50 day simple moving average is $509.49 and its 200 day simple moving average is $504.67.

Invesco QQQ Cuts Dividend

The business 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.

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.