Invesco QQQ (NASDAQ:QQQ) is American Financial Advisors LLC’s Largest Position

American Financial Advisors LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,504 shares of the exchange traded fund’s stock after selling 3,392 shares during the period. Invesco QQQ accounts for approximately 8.2% of American Financial Advisors LLC’s holdings, making the stock its biggest holding. American Financial Advisors LLC’s holdings in Invesco QQQ were worth $55,492,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in QQQ. IMA Wealth Inc. lifted its holdings in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 25 shares during the period. S.A. Mason LLC lifted its holdings in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the period. Lauterbach Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares during the period. Cedrus LLC lifted its holdings in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the period. Finally, Waterfront Wealth Inc. lifted its holdings in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $8.76 during midday trading on Friday, reaching $414.65. 74,953,695 shares of the company’s stock were exchanged, compared to its average volume of 46,014,188. The company’s 50 day simple moving average is $438.05 and its two-hundred day simple moving average is $407.51. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, March 18th.

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.