Anchor Investment Management LLC Sells 1,814 Shares of Invesco QQQ (NASDAQ:QQQ)

Anchor Investment Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,075 shares of the exchange traded fund’s stock after selling 1,814 shares during the period. Invesco QQQ accounts for about 2.0% of Anchor Investment Management LLC’s portfolio, making the stock its 5th biggest holding. Anchor Investment Management LLC’s holdings in Invesco QQQ were worth $20,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% in 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 during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% during 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 during the 4th quarter worth approximately $51,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ in the 4th quarter valued at $61,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $457.48 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock has a market capitalization of $285.88 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The business’s fifty day moving average price is $488.94 and its two-hundred day moving average price is $502.33.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.