American Financial Advisors LLC Has $55.49 Million Stake in Invesco QQQ (NASDAQ:QQQ)

American Financial Advisors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,504 shares of the exchange traded fund’s stock after selling 3,392 shares during the quarter. Invesco QQQ makes up approximately 8.2% of American Financial Advisors LLC’s investment portfolio, making the stock its largest position. American Financial Advisors LLC’s holdings in Invesco QQQ were worth $55,492,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Redmont Wealth Advisors LLC raised its holdings in Invesco QQQ by 14.1% in the 4th quarter. Redmont Wealth Advisors LLC now owns 2,896 shares of the exchange traded fund’s stock valued at $1,186,000 after buying an additional 358 shares during the last quarter. Beaumont Financial Advisors LLC raised its holdings in Invesco QQQ by 6.9% in the 4th quarter. Beaumont Financial Advisors LLC now owns 5,067 shares of the exchange traded fund’s stock valued at $2,075,000 after buying an additional 328 shares during the last quarter. Opes Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $248,000. Sterling Financial Planning Inc. lifted its position in shares of Invesco QQQ by 0.4% in the 4th quarter. Sterling Financial Planning Inc. now owns 6,735 shares of the exchange traded fund’s stock worth $2,758,000 after purchasing an additional 27 shares during the period. Finally, Fidelis Capital Partners LLC lifted its position in shares of Invesco QQQ by 184.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 6,058 shares of the exchange traded fund’s stock worth $2,481,000 after purchasing an additional 3,932 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

Shares of NASDAQ QQQ traded down $8.76 during midday trading on Friday, reaching $414.65. The stock had a trading volume of 74,953,695 shares, compared to its average volume of 46,014,188. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The company’s 50 day moving average price is $438.05 and its 200 day moving average price is $407.51.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.55%.

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.