Invesco QQQ (NASDAQ:QQQ) Shares Sold by 49 Wealth Management LLC

49 Wealth Management LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,079 shares of the exchange traded fund's stock after selling 812 shares during the quarter. 49 Wealth Management LLC's holdings in Invesco QQQ were worth $975,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after acquiring an additional 52,235 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the period. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Invesco QQQ by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after purchasing an additional 14,017 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.4%

Shares of QQQ stock traded up $2.26 during mid-day trading on Wednesday, reaching $554.60. The stock had a trading volume of 18,127,695 shares, compared to its average volume of 39,277,858. The business's fifty day moving average is $522.66 and its 200-day moving average is $505.17. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.57.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.