Cooper Haims Advisors LLC Sells 226 Shares of Invesco QQQ (NASDAQ:QQQ)

Cooper Haims Advisors LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105 shares of the exchange traded fund’s stock after selling 226 shares during the period. Cooper Haims Advisors LLC’s holdings in Invesco QQQ were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% during the 4th 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 last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth about $51,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $61,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $423.69 on Tuesday. The company has a market capitalization of $268.53 billion, a P/E ratio of 30.05 and a beta of 1.11. The company’s 50 day moving average price is $499.65 and its 200-day moving average price is $504.39. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend 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.