American Financial Advisors LLC Sells 2,285 Shares of Invesco QQQ (NASDAQ:QQQ)

American Financial Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,970 shares of the exchange traded fund’s stock after selling 2,285 shares during the quarter. Invesco QQQ comprises about 8.6% of American Financial Advisors LLC’s holdings, making the stock its biggest holding. American Financial Advisors LLC’s holdings in Invesco QQQ were worth $61,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. PayPay Securities Corp lifted 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 purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. Finally, BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $62,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $538.15 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The firm’s 50 day moving average price is $522.38 and its 200-day moving average price is $497.86.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.