Level Four Advisory Services LLC Sells 1,451 Shares of Invesco QQQ (NASDAQ:QQQ)

Level Four Advisory Services LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,990 shares of the exchange traded fund's stock after selling 1,451 shares during the quarter. Invesco QQQ makes up approximately 2.9% of Level Four Advisory Services LLC's holdings, making the stock its 3rd largest holding. Level Four Advisory Services LLC's holdings in Invesco QQQ were worth $70,034,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC grew its position in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares during the period. Toronto Dominion Bank increased its stake in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock worth $350,764,000 after buying an additional 324,948 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Trading Down 1.1 %

QQQ traded down $4.94 during midday trading on Monday, hitting $464.00. The company's stock had a trading volume of 27,269,953 shares, compared to its average volume of 35,040,152. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a 50-day moving average price of $508.43 and a two-hundred day moving average price of $505.35. The firm has a market cap of $292.43 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced 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 of this dividend is Monday, March 24th.

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.