Eudaimonia Advisors LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Eudaimonia Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 17.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,933 shares of the exchange traded fund’s stock after selling 417 shares during the period. Eudaimonia Advisors LLC’s holdings in Invesco QQQ were worth $792,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital Investment Advisors LLC grew its stake in shares of Invesco QQQ by 0.8% in the third quarter. Capital Investment Advisors LLC now owns 7,530 shares of the exchange traded fund’s stock worth $2,698,000 after purchasing an additional 58 shares during the last quarter. Rainey & Randall Investment Management Inc. raised its position in Invesco QQQ by 13.7% during the 3rd quarter. Rainey & Randall Investment Management Inc. now owns 15,262 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 1,836 shares during the last quarter. Atlas Brown Inc. raised its position in Invesco QQQ by 9.7% during the 3rd quarter. Atlas Brown Inc. now owns 3,041 shares of the exchange traded fund’s stock valued at $1,090,000 after purchasing an additional 270 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Invesco QQQ by 2.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,270 shares of the exchange traded fund’s stock valued at $813,000 after purchasing an additional 46 shares during the last quarter. Finally, 1900 Wealth Management LLC bought a new position in Invesco QQQ during the 3rd quarter valued at approximately $234,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

QQQ traded up $6.25 during midday trading on Tuesday, reaching $425.07. 43,653,918 shares of the company’s stock traded hands, compared to its average volume of 46,010,473. The firm has a fifty day moving average of $437.27 and a two-hundred day moving average of $409.02. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.