Anchor Investment Management LLC Sells 1,814 Shares of Invesco QQQ (NASDAQ:QQQ)

Anchor Investment Management LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,075 shares of the exchange traded fund's stock after selling 1,814 shares during the quarter. Invesco QQQ makes up about 2.0% of Anchor Investment Management LLC's holdings, making the stock its 5th biggest position. Anchor Investment Management LLC's holdings in Invesco QQQ were worth $20,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QQQ. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth $51,000. Finally, Perritt Capital Management Inc bought a new position in Invesco QQQ in the 4th quarter worth $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1 %

QQQ stock traded down $0.36 during mid-day trading on Friday, reaching $443.82. 44,745,116 shares of the stock traded hands, compared to its average volume of 36,627,789. The firm has a market capitalization of $284.56 billion, a PE ratio of 30.05 and a beta of 1.11. The business has a 50-day moving average of $482.54 and a two-hundred day moving average of $501.06. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend 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.