Invesco QQQ (NASDAQ:QQQ) is Rollins Financial Advisors LLC's 2nd Largest Position

Rollins Financial Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,427 shares of the exchange traded fund's stock after selling 13,526 shares during the period. Invesco QQQ comprises 12.1% of Rollins Financial Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Rollins Financial Advisors LLC's holdings in Invesco QQQ were worth $77,414,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Proficio Capital Partners LLC lifted its position in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 895,277 shares during the last quarter. Toronto Dominion Bank grew its position 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 worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Finally, Anchor Capital Management Group Inc acquired a new stake in Invesco QQQ during the fourth quarter worth $174,214,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $6.73 during trading hours on Friday, hitting $452.91. The company's stock had a trading volume of 29,758,224 shares, compared to its average volume of 36,812,890. The stock has a market cap of $283.03 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a fifty day moving average of $491.73 and a 200-day moving average of $502.66.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. 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.