Alliance Wealth Advisors LLC Sells 277 Shares of Invesco QQQ (NASDAQ:QQQ)

Alliance Wealth Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 19,864 shares of the exchange traded fund’s stock after selling 277 shares during the period. Invesco QQQ accounts for 5.3% of Alliance Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Alliance Wealth Advisors LLC’s holdings in Invesco QQQ were worth $9,315,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $51,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $529.92 on Friday. The business’s 50-day moving average is $483.20 and its two-hundred day moving average is $501.88. The company has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.