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

Saxony Capital Management LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 33.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,087 shares of the exchange traded fund’s stock after selling 2,997 shares during the quarter. Invesco QQQ accounts for approximately 2.7% of Saxony Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Saxony Capital Management LLC’s holdings in Invesco QQQ were worth $3,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TCI Wealth Advisors Inc. boosted its holdings in shares of Invesco QQQ by 3.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 4,836 shares of the exchange traded fund’s stock valued at $2,472,000 after acquiring an additional 180 shares during the last quarter. Alta Wealth Advisors LLC boosted its holdings in Invesco QQQ by 5.3% in the fourth quarter. Alta Wealth Advisors LLC now owns 6,561 shares of the exchange traded fund’s stock worth $3,354,000 after purchasing an additional 328 shares during the last quarter. Coastwise Capital Group LLC grew its position in Invesco QQQ by 7.4% in the 4th quarter. Coastwise Capital Group LLC now owns 3,285 shares of the exchange traded fund’s stock worth $1,680,000 after purchasing an additional 227 shares during the period. Intergy Private Wealth LLC raised its stake in Invesco QQQ by 1.0% during the 4th quarter. Intergy Private Wealth LLC now owns 119,205 shares of the exchange traded fund’s stock valued at $60,941,000 after buying an additional 1,124 shares during the last quarter. Finally, Integris Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 16.1% during the 4th quarter. Integris Wealth Management LLC now owns 569 shares of the exchange traded fund’s stock valued at $291,000 after buying an additional 79 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $522.29 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock’s fifty day moving average price is $519.22 and its 200-day moving average price is $493.95.

Invesco QQQ Announces Dividend

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

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.