Southeast Asset Advisors LLC Purchases 40 Shares of Invesco QQQ (NASDAQ:QQQ)

Southeast Asset Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,030 shares of the exchange traded fund’s stock after buying an additional 40 shares during the period. Southeast Asset Advisors LLC’s holdings in Invesco QQQ were worth $527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Concentrum Wealth Management lifted its position in Invesco QQQ by 4.6% in the 4th quarter. Concentrum Wealth Management now owns 19,792 shares of the exchange traded fund’s stock valued at $10,118,000 after acquiring an additional 875 shares in the last quarter. Trek Financial LLC boosted its position in shares of Invesco QQQ by 17.3% during the fourth quarter. Trek Financial LLC now owns 25,773 shares of the exchange traded fund’s stock valued at $13,176,000 after buying an additional 3,800 shares during the last quarter. FMR LLC increased its holdings in Invesco QQQ by 1.4% in the 4th quarter. FMR LLC now owns 788,926 shares of the exchange traded fund’s stock worth $403,323,000 after buying an additional 10,861 shares in the last quarter. Gemsstock Ltd. raised its position in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares during the last quarter. Finally, Garrison Point Advisors LLC lifted its stake in Invesco QQQ by 182.9% during the 4th quarter. Garrison Point Advisors LLC now owns 1,287 shares of the exchange traded fund’s stock valued at $658,000 after acquiring an additional 832 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 6.2 %

Shares of Invesco QQQ stock opened at $422.67 on Monday. Invesco QQQ has a twelve month low of $410.80 and a twelve month high of $540.81. The company’s 50 day moving average is $501.45 and its 200 day moving average is $504.81. The company has a market cap of $267.89 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is 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.