SAM Advisors LLC Sells 269 Shares of Invesco QQQ (NASDAQ:QQQ)

SAM Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,116 shares of the exchange traded fund’s stock after selling 269 shares during the quarter. Invesco QQQ accounts for about 7.0% of SAM Advisors LLC’s portfolio, making the stock its 4th biggest holding. SAM Advisors LLC’s holdings in Invesco QQQ were worth $19,485,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Invesco QQQ by 6.7% during the third quarter. Beese Fulmer Investment Management Inc. now owns 993 shares of the exchange traded fund’s stock worth $485,000 after purchasing an additional 62 shares during the last quarter. Greystone Financial Group LLC raised its stake in shares of Invesco QQQ by 81.9% during the third quarter. Greystone Financial Group LLC now owns 5,271 shares of the exchange traded fund’s stock worth $2,572,000 after purchasing an additional 2,374 shares during the last quarter. Asset Planning Services Inc. LA ADV raised its position in Invesco QQQ by 8.1% in the third quarter. Asset Planning Services Inc. LA ADV now owns 922 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 69 shares in the last quarter. Finally, Grimes & Company Inc. raised its position in Invesco QQQ by 2.2% in the third quarter. Grimes & Company Inc. now owns 6,340 shares of the exchange traded fund’s stock worth $3,094,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

NASDAQ:QQQ opened at $526.08 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a fifty day moving average price of $523.39 and a two-hundred day moving average price of $500.70.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.