Invesco QQQ $QQQ is Rollins Financial Advisors LLC’s Largest Position

Rollins Financial Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,383 shares of the exchange traded fund’s stock after selling 2,783 shares during the quarter. Invesco QQQ accounts for about 11.6% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its largest holding. Rollins Financial Advisors LLC’s holdings in Invesco QQQ were worth $76,477,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Fifth Third Securities Inc. lifted its holdings in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares during the last quarter. SK Wealth Management LLC bought a new position in Invesco QQQ during the third quarter valued at approximately $803,000. Great Point Wealth Advisors LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $507,000. Strengthening Families & Communities LLC bought a new stake in Invesco QQQ in the third quarter worth approximately $10,771,000. Finally, Coyle Financial Counsel LLC grew its position in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after acquiring an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $607.82 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm’s fifty day simple moving average is $616.14 and its 200-day simple moving average is $605.96.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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