Invesco QQQ (NASDAQ:QQQ) is SAM Advisors LLC’s 3rd Largest Position

SAM Advisors LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,385 shares of the exchange traded fund’s stock after selling 620 shares during the period. Invesco QQQ accounts for 6.9% of SAM Advisors LLC’s holdings, making the stock its 3rd biggest position. SAM Advisors LLC’s holdings in Invesco QQQ were worth $18,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter valued at $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ during the first quarter valued at $40,000. CGC Financial Services LLC lifted its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC lifted its holdings in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $512.25 on Thursday. The company’s 50-day moving average price is $487.42 and its 200-day moving average price is $473.42. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd.

About Invesco QQQ

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.