LexAurum Advisors LLC Reduces Invesco QQQ Holdings

LexAurum Advisors LLC has decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.0% during the fourth quarter, as reported in its latest filing with the Securities & Exchange Commission. Following the sale of 1,820 shares, the institutional investor now holds 11,149 shares of the exchange-traded fund (ETF). Invesco QQQ makes up about 1.1% of LexAurum Advisors LLC's portfolio, ranking it as the 20th largest investment within their holdings. As of the most recent SEC filing, LexAurum Advisors LLC's investment in Invesco QQQ is valued at approximately $5,699,000.

Recent Activity by Other Investors

A variety of other hedge funds have also altered their positions in shares of Invesco QQQ. Notably, International Assets Investment Management LLC significantly increased its holdings by 46,491.6% in the third quarter, acquiring an astounding 32,516,210 additional shares to reach a total of 32,586,150 shares, valued at approximately $15,904,322,000. Similarly, Granite Bay Wealth Management LLC boosted its holdings by 6,215.5% during the second quarter, now owning 908,924 shares worth $409,513,000 after adding 894,532 shares. Other notable investors include Toronto Dominion Bank, which increased its stake by 13.0% in the third quarter, and Empirical Asset Management LLC, which raised its holdings by 15,676.3% in the fourth quarter. Overall, institutional investors and hedge funds collectively own about 44.58% of the total shares of the company.

Current Stock Performance

The Invesco QQQ stock opened at $529.63 on Friday, reflecting a slight decline of 0.6%. The ETF has a 50-day moving average price of $517.20 and a 200-day moving average price of $493.09. Throughout the past year, the stock has reached a low of $413.07 and a peak of $539.15.

Dividend Announcement

Recently, Invesco QQQ announced a dividend that was paid on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.8347, with the ex-dividend date noted as December 23rd.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1, serves as a unit investment trust that issues shares known as Nasdaq-100 Index Tracking Stock. Its primary investment goal is to mirror the price and yield performance of the Nasdaq-100 Index. This affords investors the opportunity to buy units that represent undivided interests in the portfolio of securities held by the Trust, which largely consists of the same securities as those in the Nasdaq-100 Index.

Conclusion

Overall, the recent adjustments in holdings by LexAurum Advisors LLC and other institutional investors indicate the active management and strategy adjustments that are often made in response to market conditions. Investors should stay informed about these changes and monitor how they could affect potential investment decisions.

Invesco, QQQ, Investment