Samalin Investment Counsel LLC Sells 624 Shares of Invesco QQQ (NASDAQ:QQQ)

Samalin Investment Counsel LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,430 shares of the exchange traded fund’s stock after selling 624 shares during the period. Invesco QQQ comprises 1.2% of Samalin Investment Counsel LLC’s holdings, making the stock its 14th largest position. Samalin Investment Counsel LLC’s holdings in Invesco QQQ were worth $2,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC lifted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares in the last quarter. Hoese & Co LLP lifted its stake 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 valued at $42,000 after buying an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC lifted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 20 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

Shares of QQQ stock opened at $480.84 on Friday. The stock has a market capitalization of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11. The firm’s 50 day moving average is $511.30 and its 200 day moving average is $504.14. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.