JSF Financial LLC Has $11.51 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

JSF Financial LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,518 shares of the exchange traded fund’s stock after selling 369 shares during the period. Invesco QQQ makes up about 3.1% of JSF Financial LLC’s investment portfolio, making the stock its 7th largest position. JSF Financial LLC’s holdings in Invesco QQQ were worth $11,512,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Weatherly Asset Management L. P. lifted its stake in shares of Invesco QQQ by 106.8% in the fourth quarter. Weatherly Asset Management L. P. now owns 4,275 shares of the exchange traded fund’s stock valued at $2,186,000 after buying an additional 2,208 shares during the period. Capital Wealth Alliance LLC raised its holdings in Invesco QQQ by 58.4% in the 4th quarter. Capital Wealth Alliance LLC now owns 5,577 shares of the exchange traded fund’s stock valued at $2,851,000 after acquiring an additional 2,056 shares in the last quarter. Wealthcare Capital Partners LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $445,000. Latitude Advisors LLC grew its holdings in shares of Invesco QQQ by 27.5% during the 4th quarter. Latitude Advisors LLC now owns 15,729 shares of the exchange traded fund’s stock worth $8,041,000 after purchasing an additional 3,391 shares in the last quarter. Finally, Sovran Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $8,823,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.2 %

Shares of QQQ stock opened at $529.25 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The stock has a fifty day moving average price of $521.26 and a 200 day moving average price of $495.90.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.