Sowell Financial Services LLC Sells 958 Shares of Invesco QQQ (NASDAQ:QQQ)

Sowell Financial Services LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,535 shares of the exchange traded fund’s stock after selling 958 shares during the quarter. Invesco QQQ comprises 3.1% of Sowell Financial Services LLC’s holdings, making the stock its 4th biggest position. Sowell Financial Services LLC’s holdings in Invesco QQQ were worth $59,065,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. lifted its holdings in shares of 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 purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC lifted its stake 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 valued at $7,553,000 after acquiring an additional 1,854 shares in the last quarter. Portside Wealth Group LLC boosted its position in Invesco QQQ by 6.7% during the 3rd quarter. Portside Wealth Group LLC now owns 1,814 shares of the exchange traded fund’s stock worth $885,000 after acquiring an additional 114 shares during the last quarter. Leavell Investment Management Inc. grew its stake in shares of Invesco QQQ by 18.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 19,118 shares of the exchange traded fund’s stock worth $9,344,000 after acquiring an additional 3,026 shares in the last quarter. Finally, Equitable Trust Co. raised its holdings in shares of Invesco QQQ by 1.4% in the third quarter. Equitable Trust Co. now owns 27,993 shares of the exchange traded fund’s stock valued at $13,663,000 after purchasing an additional 397 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ stock opened at $491.79 on Friday. The firm has a market cap of $309.95 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 $518.84 and its 200-day simple moving average is $503.99.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.