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

Strategy Asset Managers LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,653 shares of the exchange traded fund’s stock after selling 338 shares during the period. Invesco QQQ makes up about 1.3% of Strategy Asset Managers LLC’s holdings, making the stock its 24th biggest position. Strategy Asset Managers LLC’s holdings in Invesco QQQ were worth $6,468,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its stake in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the last quarter. FMR LLC boosted its holdings in shares of Invesco QQQ by 1.7% during the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after purchasing an additional 13,338 shares during the period. Glenmede Trust Co. NA increased its holdings in Invesco QQQ by 13.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock valued at $14,378,000 after purchasing an additional 3,553 shares during the period. Fiduciary Trust Co raised its position in Invesco QQQ by 4.4% during the 3rd quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock valued at $2,688,000 after purchasing an additional 230 shares during the last quarter. Finally, Financial Counselors Inc. lifted its holdings in Invesco QQQ by 4.1% in the 3rd quarter. Financial Counselors Inc. now owns 10,300 shares of the exchange traded fund’s stock worth $5,027,000 after buying an additional 410 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $468.94 on Friday. The stock’s 50 day moving average price is $508.43 and its 200-day moving average price is $504.77. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a market capitalization of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. 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.