Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lowered by Rollins Financial Advisors LLC

Rollins Financial Advisors LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,427 shares of the exchange traded fund’s stock after selling 13,526 shares during the period. Invesco QQQ comprises about 12.1% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Rollins Financial Advisors LLC’s holdings in Invesco QQQ were worth $77,414,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. GAMMA Investing LLC increased its stake in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares during the period. Principal Financial Group Inc. increased its position in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the period. NRI Wealth Management LC bought a new position in Invesco QQQ in the 4th quarter worth $28,729,000. Garden State Investment Advisory Services LLC raised its holdings in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC lifted its position in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after purchasing an additional 6,518 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $422.67 on Monday. Invesco QQQ has a 1 year low of $410.80 and a 1 year high of $540.81. The stock has a market capitalization of $267.89 billion, a P/E ratio of 30.05 and a beta of 1.11. The company’s 50-day moving average is $501.45 and its 200 day moving average is $504.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. 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.