Sabal Trust CO Lowers Stake in Invesco QQQ (NASDAQ:QQQ)

Sabal Trust CO lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 650 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. Sabal Trust CO’s holdings in Invesco QQQ were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. raised its position in Invesco QQQ by 0.3% in the 3rd 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. Pettinga Financial Advisors LLC grew its holdings in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after acquiring an additional 1,854 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in Invesco QQQ by 3.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 5,677 shares of the exchange traded fund’s stock worth $2,772,000 after acquiring an additional 169 shares during the last quarter. Eagle Strategies LLC grew its holdings in Invesco QQQ by 8.9% in the 3rd quarter. Eagle Strategies LLC now owns 3,624 shares of the exchange traded fund’s stock worth $1,769,000 after acquiring an additional 297 shares during the last quarter. Finally, Lodestar Private Asset Management LLC grew its holdings in Invesco QQQ by 1.0% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 71,654 shares of the exchange traded fund’s stock worth $34,972,000 after acquiring an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of Invesco QQQ stock opened at $514.56 on Thursday. The firm has a market cap of $324.30 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The company’s fifty day simple moving average is $522.53 and its two-hundred day simple moving average is $502.62.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued 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.