Strategy Asset Managers LLC Sells 338 Shares of Invesco QQQ (NASDAQ:QQQ)

Strategy Asset Managers LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,653 shares of the exchange traded fund’s stock after selling 338 shares during the period. Invesco QQQ accounts for approximately 1.3% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 24th biggest holding. Strategy Asset Managers LLC’s holdings in Invesco QQQ were worth $6,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% during 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 stake in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP grew its stake in 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 during the period. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $51,000. Finally, Creative Capital Management Investments LLC grew its position in Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 111 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.6 %

Invesco QQQ stock opened at $468.94 on Friday. The firm has a 50 day moving average price of $508.43 and a 200-day moving average price of $504.77. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a market capitalization of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.