Rollins Financial Advisors LLC Sells 2,783 Shares of Invesco QQQ $QQQ

Rollins Financial Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQFree Report) by 2.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 127,383 shares of the exchange traded fund’s stock after selling 2,783 shares during the period. Invesco QQQ makes up about 11.6% of Rollins Financial Advisors LLC’s holdings, making the stock its largest holding. Rollins Financial Advisors LLC’s holdings in Invesco QQQ were worth $76,477,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Invictus Private Wealth LLC lifted its position in Invesco QQQ by 1.2% during the 3rd quarter. Invictus Private Wealth LLC now owns 356,140 shares of the exchange traded fund’s stock worth $213,816,000 after acquiring an additional 4,296 shares during the last quarter. Corepath Wealth Partners LLC increased its stake in shares of Invesco QQQ by 384.2% in the third quarter. Corepath Wealth Partners LLC now owns 7,287 shares of the exchange traded fund’s stock worth $4,428,000 after purchasing an additional 5,782 shares during the period. Avant Capital LLC increased its stake in shares of Invesco QQQ by 32.1% in the third quarter. Avant Capital LLC now owns 580 shares of the exchange traded fund’s stock worth $348,000 after purchasing an additional 141 shares during the period. Jacobson & Schmitt Advisors LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $360,000. Finally, Cozad Asset Management Inc. boosted its stake in Invesco QQQ by 1.5% during the 3rd quarter. Cozad Asset Management Inc. now owns 14,580 shares of the exchange traded fund’s stock valued at $8,753,000 after purchasing an additional 213 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.1%

QQQ opened at $607.82 on Wednesday. The stock’s 50 day moving average price is $616.14 and its two-hundred day moving average price is $605.96. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.