Invesco QQQ (NASDAQ:QQQ) is Saxony Capital Management LLC’s 9th Largest Position

Saxony Capital Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 33.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,087 shares of the exchange traded fund’s stock after selling 2,997 shares during the quarter. Invesco QQQ comprises 2.7% of Saxony Capital Management LLC’s portfolio, making the stock its 9th largest position. Saxony Capital Management LLC’s holdings in Invesco QQQ were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. International Assets Investment Management LLC grew its position in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Toronto Dominion Bank boosted its stake in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares during the period. Stifel Financial Corp increased its stake in shares of Invesco QQQ by 0.3% during the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after purchasing an additional 2,572 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco QQQ by 2.3% during the third quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock valued at $414,429,000 after purchasing an additional 18,833 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $522.29 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The stock’s 50 day moving average is $519.22 and its 200 day moving average is $493.95.

Invesco QQQ Announces Dividend

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 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.