Sawgrass Asset Management LLC Sells 1,225 Shares of Invesco QQQ (NASDAQ:QQQ)

Sawgrass Asset Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,146 shares of the exchange traded fund’s stock after selling 1,225 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Invesco QQQ were worth $4,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. grew its stake 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 worth $8,477,000 after purchasing an additional 46 shares during the period. Hutchens & Kramer Investment Management Group LLC grew its stake in Invesco QQQ by 2.4% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,678 shares of the exchange traded fund’s stock worth $1,770,000 after purchasing an additional 86 shares during the period. Prospect Financial Services LLC grew its stake in Invesco QQQ by 50.6% in the third quarter. Prospect Financial Services LLC now owns 9,615 shares of the exchange traded fund’s stock worth $4,693,000 after purchasing an additional 3,230 shares during the period. Client First Capital LLC grew its stake in Invesco QQQ by 0.6% in the third quarter. Client First Capital LLC now owns 61,099 shares of the exchange traded fund’s stock worth $29,821,000 after purchasing an additional 340 shares during the period. Finally, PFG Advisors grew its stake in Invesco QQQ by 3.6% in the third quarter. PFG Advisors now owns 83,721 shares of the exchange traded fund’s stock worth $40,862,000 after purchasing an additional 2,879 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1 %

Shares of QQQ stock opened at $528.30 on Thursday. The business’s fifty day moving average is $521.76 and its 200 day moving average is $496.86. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date 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.