Invesco QQQ (NASDAQ:QQQ) is Rollins Financial Advisors LLC’s 2nd Largest Position

Rollins Financial Advisors LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,427 shares of the exchange traded fund’s stock after selling 13,526 shares during the period. Invesco QQQ accounts for 12.1% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Rollins Financial Advisors LLC’s holdings in Invesco QQQ were worth $77,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. grew its holdings in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares in the last quarter. Weiss Asset Management LP purchased a new position in Invesco QQQ during the third quarter valued at approximately $1,659,000. Zacks Investment Management purchased a new position in Invesco QQQ during the third quarter valued at approximately $4,191,000. XTX Topco Ltd bought a new stake in Invesco QQQ during the 3rd quarter worth approximately $1,429,000. Finally, Dunhill Financial LLC lifted its stake in Invesco QQQ by 50.1% in the 3rd quarter. Dunhill Financial LLC now owns 1,855 shares of the exchange traded fund’s stock worth $905,000 after purchasing an additional 619 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 6.2 %

Invesco QQQ stock opened at $422.67 on Monday. The stock has a market cap of $267.89 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The business has a 50-day simple moving average of $501.45 and a 200 day simple moving average of $504.81. Invesco QQQ has a 52 week low of $410.80 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given 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.