ELM Advisors LLC Sells 80 Shares of Invesco QQQ Trust (NASDAQ:QQQ)


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ELM Advisors LLC lowered its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,459 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. Invesco QQQ Trust makes up about 1.3% of ELM Advisors LLC’s investment portfolio, making the stock its 20th largest position. ELM Advisors LLC’s holdings in Invesco QQQ Trust were worth $2,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. FMR LLC increased its holdings in Invesco QQQ Trust by 4.4% in the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock valued at $28,000,000 after purchasing an additional 6,637 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its holdings in shares of Invesco QQQ Trust by 17.7% in the third quarter. Walkner Condon Financial Advisors LLC now owns 1,208 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 182 shares in the last quarter. Financial Advisory Service Inc. increased its holdings in shares of Invesco QQQ Trust by 1.6% in the third quarter. Financial Advisory Service Inc. now owns 3,367 shares of the exchange traded fund’s stock worth $936,000 after acquiring an additional 53 shares in the last quarter. Raynor Geoffrey bought a new stake in shares of Invesco QQQ Trust in the third quarter worth about $4,018,000. Finally, Colony Group LLC increased its holdings in shares of Invesco QQQ Trust by 0.7% in the third quarter. Colony Group LLC now owns 17,113 shares of the exchange traded fund’s stock worth $4,755,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 47.01% of the company’s stock.

Shares of QQQ stock traded up $2.72 on Thursday, hitting $334.34. 1,283,834 shares of the stock were exchanged, compared to its average volume of 49,784,813. The business has a 50-day moving average of $318.32 and a 200 day moving average of $311.09. Invesco QQQ Trust has a fifty-two week low of $196.17 and a fifty-two week high of $338.19.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Tuesday, March 23rd will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Monday, March 22nd. This represents a $1.58 annualized dividend and a dividend yield of 0.47%.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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