LM Advisors LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

LM Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,497 shares of the exchange traded fund’s stock after selling 121 shares during the period. Invesco QQQ comprises about 2.7% of LM Advisors LLC’s holdings, making the stock its 10th biggest position. LM Advisors LLC’s holdings in Invesco QQQ were worth $15,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp raised its stake in shares of 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 in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP raised its position in 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 purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter worth about $51,000. Finally, BNP Paribas acquired a new stake in Invesco QQQ during the third quarter valued at approximately $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.8 %

Shares of 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 cap of $305.28 billion, a PE 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 business also recently disclosed 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.