Invesco QQQ (NASDAQ:QQQ) Holdings Reduced by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,051 shares of the exchange traded fund’s stock after selling 916 shares during the quarter. Invesco QQQ comprises 9.7% of Fairfield Financial Advisors LTD’s holdings, making the stock its largest position. Fairfield Financial Advisors LTD’s holdings in Invesco QQQ were worth $27,632,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. GAMMA Investing LLC increased its stake in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its stake in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ during the fourth quarter worth $28,729,000. Garden State Investment Advisory Services LLC increased its stake in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC increased its stake in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after acquiring an additional 6,518 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ QQQ opened at $491.79 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a fifty day simple moving average of $518.84 and a 200-day simple moving average of $503.83. The stock has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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 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.