Lowery Thomas LLC Sells 41 Shares of Invesco QQQ (NASDAQ:QQQ)

Lowery Thomas LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,018 shares of the exchange traded fund’s stock after selling 41 shares during the quarter. Invesco QQQ comprises about 4.9% of Lowery Thomas LLC’s investment portfolio, making the stock its 8th biggest holding. Lowery Thomas LLC’s holdings in Invesco QQQ were worth $5,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. IMA Wealth Inc. raised its position in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares during the last quarter. S.A. Mason LLC raised its position in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC raised its position in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the last quarter. Cedrus LLC raised its position in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its position in Invesco QQQ by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

QQQ traded up $6.55 during trading on Friday, hitting $431.00. The company’s stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The firm’s 50 day moving average price is $436.88 and its two-hundred day moving average price is $410.40. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%.

Invesco QQQ 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.