Mainstay Capital Management LLC ADV Has $391,000 Position in Invesco QQQ (NASDAQ:QQQ)

Mainstay Capital Management LLC ADV reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 764 shares of the exchange traded fund’s stock after selling 319 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Invesco QQQ were worth $391,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.1 %

NASDAQ QQQ opened at $526.08 on Monday. The stock’s 50 day moving average is $523.39 and its two-hundred day moving average is $501.59. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

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