Bienville Capital Management LLC Sells 1,053 Shares of Invesco QQQ (NASDAQ:QQQ)

Bienville Capital Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,961 shares of the exchange traded fund's stock after selling 1,053 shares during the period. Bienville Capital Management LLC's holdings in Invesco QQQ were worth $1,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. grew its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after buying an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ during the fourth quarter worth about $28,729,000. Silverleafe Capital Partners LLC increased its stake in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock valued at $23,165,000 after acquiring an additional 6,518 shares during the period. Finally, Synergy Investment Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at approximately $723,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.5 %

Shares of QQQ stock traded up $7.15 during mid-day trading on Friday, reaching $488.83. The stock had a trading volume of 39,139,209 shares, compared to its average volume of 36,391,209. The firm has a market cap of $306.33 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm's 50 day simple moving average is $469.56 and its 200 day simple moving average is $499.58.

Invesco QQQ Cuts Dividend

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