Lowery Thomas LLC Sells 1,186 Shares of Invesco QQQ (NASDAQ:QQQ)

Lowery Thomas LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Get Rating) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,990 shares of the exchange traded fund’s stock after selling 1,186 shares during the period. Invesco QQQ makes up 6.4% of Lowery Thomas LLC’s portfolio, making the stock its 5th biggest position. Lowery Thomas LLC’s holdings in Invesco QQQ were worth $5,323,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. First American Trust FSB raised its position in Invesco QQQ by 25.5% in the 4th quarter. First American Trust FSB now owns 4,163 shares of the exchange traded fund’s stock valued at $1,109,000 after buying an additional 845 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of Invesco QQQ by 487.1% during the 4th quarter. Mayflower Financial Advisors LLC now owns 33,513 shares of the exchange traded fund’s stock worth $8,924,000 after acquiring an additional 27,805 shares in the last quarter. Gofen & Glossberg LLC IL raised its holdings in shares of Invesco QQQ by 10.4% in the fourth quarter. Gofen & Glossberg LLC IL now owns 18,880 shares of the exchange traded fund’s stock valued at $5,027,000 after purchasing an additional 1,776 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Invesco QQQ by 7.6% in the fourth quarter. Capital Advisors Inc. OK now owns 8,093 shares of the exchange traded fund’s stock valued at $2,155,000 after purchasing an additional 572 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in shares of Invesco QQQ by 4.4% in the fourth quarter. Sigma Planning Corp now owns 156,502 shares of the exchange traded fund’s stock worth $41,673,000 after purchasing an additional 6,587 shares in the last quarter. 43.08% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 2.3 %

Invesco QQQ stock traded up $7.74 during mid-day trading on Friday, reaching $347.46. The company’s stock had a trading volume of 31,273,006 shares, compared to its average volume of 55,185,238. Invesco QQQ has a 12 month low of $254.26 and a 12 month high of $347.61. The business’s 50 day simple moving average is $324.11 and its 200 day simple moving average is $312.23.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, March 21st were paid a $0.472 dividend. The ex-dividend date was Monday, March 20th. This represents a $1.89 dividend on an annualized basis and a yield of 0.54%.

Invesco QQQ Profile

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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.