Invesco QQQ (NASDAQ:QQQ) Stock Position Trimmed by American Money Management LLC

American Money Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,326 shares of the exchange traded fund’s stock after selling 38 shares during the period. American Money Management LLC’s holdings in Invesco QQQ were worth $2,212,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $51,000. Finally, Creative Capital Management Investments LLC grew its position in Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.6 %

QQQ stock opened at $468.94 on Friday. The firm’s 50-day moving average is $508.43 and its two-hundred day moving average is $505.09. The company has a market capitalization of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ 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.