American Financial Advisors LLC Sells 1,745 Shares of Invesco QQQ $QQQ

American Financial Advisors LLC cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.3% in the first quarter, Holdings Channel.com reports. The fund owned 127,911 shares of the exchange traded fund’s stock after selling 1,745 shares during the quarter. Invesco QQQ comprises about 9.9% of American Financial Advisors LLC’s portfolio, making the stock its largest holding. American Financial Advisors LLC’s holdings in Invesco QQQ were worth $73,828,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CAP Partners LLC increased its position in Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after buying an additional 15 shares during the period. Durante & Waters LLC boosted its holdings in shares of Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after acquiring an additional 15 shares during the period. Well Done LLC boosted its holdings in shares of Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after acquiring an additional 16 shares during the period. Forty three Eighteen Advisors LLC grew its position in shares of Invesco QQQ by 0.6% during the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock worth $1,555,000 after acquiring an additional 16 shares during the last quarter. Finally, Tenon Financial LLC grew its position in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

More Invesco QQQ News

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Invesco QQQ Stock Down 0.5%

Shares of Invesco QQQ stock opened at $705.35 on Thursday. The firm’s fifty day simple moving average is $719.91 and its 200-day simple moving average is $655.21. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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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