LM Advisors LLC Sells 121 Shares of Invesco QQQ (NASDAQ:QQQ)

LM Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,497 shares of the exchange traded fund’s stock after selling 121 shares during the period. Invesco QQQ accounts for approximately 2.6% of LM Advisors LLC’s holdings, making the stock its 11th largest holding. LM Advisors LLC’s holdings in Invesco QQQ were worth $15,591,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of QQQ. Stephens Consulting LLC raised its holdings in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the period. Cardinal Point Capital Management ULC lifted its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Farmers & Merchants Investments Inc. grew its position in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC raised its stake in shares of Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $484.38 on Thursday. The company has a market cap of $305.28 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock’s 50-day moving average is $510.12 and its two-hundred day moving average is $504.83. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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

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.