Scott Capital Advisors LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Scott Capital Advisors LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,367 shares of the exchange traded fund’s stock after selling 1,410 shares during the quarter. Invesco QQQ accounts for about 7.3% of Scott Capital Advisors LLC’s investment portfolio, making the stock its 5th largest position. Scott Capital Advisors LLC’s holdings in Invesco QQQ were worth $25,463,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Northeast Investment Management raised its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp increased its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC lifted its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares during the last quarter. Skyline Advisors Inc. boosted its stake in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. raised its stake in shares of Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

NASDAQ QQQ opened at $521.74 on Tuesday. Invesco QQQ has a 1 year low of $409.16 and a 1 year high of $539.15. The company has a fifty day simple moving average of $515.94 and a 200 day simple moving average of $492.12.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.