Strategic Investment Solutions Inc. IL Sells 86 Shares of Invesco QQQ (NASDAQ:QQQ)

Strategic Investment Solutions Inc. IL decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 29.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 210 shares of the exchange traded fund’s stock after selling 86 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Invesco QQQ were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in QQQ. First Commonwealth Financial Corp PA lifted its position in Invesco QQQ by 10.2% in the 4th quarter. First Commonwealth Financial Corp PA now owns 3,750 shares of the exchange traded fund’s stock valued at $1,917,000 after acquiring an additional 348 shares in the last quarter. Capital Square LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $213,000. Demars Financial Group LLC lifted its holdings in shares of Invesco QQQ by 48,735.1% in the fourth quarter. Demars Financial Group LLC now owns 272,500 shares of the exchange traded fund’s stock valued at $139,310,000 after purchasing an additional 271,942 shares in the last quarter. Global Endowment Management LP purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $389,000. Finally, Gratus Wealth Advisors LLC grew its holdings in Invesco QQQ by 1.2% during the fourth quarter. Gratus Wealth Advisors LLC now owns 68,052 shares of the exchange traded fund’s stock worth $34,790,000 after buying an additional 810 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 3.0 %

NASDAQ QQQ opened at $444.18 on Thursday. The firm has a market capitalization of $284.79 billion, a P/E ratio of 30.05 and a beta of 1.11. The business has a fifty day simple moving average of $485.93 and a 200 day simple moving average of $501.62. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders 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.