Stratos Wealth Advisors LLC Sells 5,249 Shares of Invesco QQQ (NASDAQ:QQQ)

Stratos Wealth Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,656 shares of the exchange traded fund’s stock after selling 5,249 shares during the quarter. Invesco QQQ comprises 0.8% of Stratos Wealth Advisors LLC’s portfolio, making the stock its 24th biggest position. Stratos Wealth Advisors LLC’s holdings in Invesco QQQ were worth $17,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ in the fourth quarter valued at approximately $73,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $524.47 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The firm has a fifty day moving average of $519.78 and a 200-day moving average of $494.47.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.