L & S Advisors Inc Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

L & S Advisors Inc lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,974 shares of the exchange traded fund’s stock after selling 217 shares during the period. L & S Advisors Inc’s holdings in Invesco QQQ were worth $1,009,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. FMR LLC lifted its stake in shares of Invesco QQQ by 1.7% during the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after buying an additional 13,338 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Invesco QQQ by 2.3% during the third quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund’s stock valued at $1,212,000 after buying an additional 56 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $791,000. Finally, Circle Wealth Management LLC raised its stake in Invesco QQQ by 6.4% in the 3rd quarter. Circle Wealth Management LLC now owns 50,316 shares of the exchange traded fund’s stock worth $24,558,000 after acquiring an additional 3,006 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $468.94 on Friday. The business’s 50-day simple moving average is $508.43 and its two-hundred day simple moving average is $505.09. The company has a market cap of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week 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.

Invesco QQQ 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.