Nottingham Advisors Inc. Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Nottingham Advisors Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,171 shares of the exchange traded fund’s stock after selling 471 shares during the quarter. Nottingham Advisors Inc.’s holdings in Invesco QQQ were worth $599,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $51,000. Finally, Perritt Capital Management Inc purchased a new stake in Invesco QQQ during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of Invesco QQQ stock opened at $476.15 on Thursday. The company has a 50-day moving average of $505.23 and a two-hundred day moving average of $505.09. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock has a market cap of $302.05 billion, a PE ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.