Adaptive Financial Consulting LLC Cuts Holdings in Invesco QQQ (NASDAQ:QQQ)

Adaptive Financial Consulting LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,697 shares of the exchange traded fund's stock after selling 1,081 shares during the period. Invesco QQQ makes up 5.8% of Adaptive Financial Consulting LLC's investment portfolio, making the stock its 6th largest holding. Adaptive Financial Consulting LLC's holdings in Invesco QQQ were worth $13,456,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Eagle Capital Management LLC raised its position in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC raised its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares during the period. Horizon Investments LLC raised its holdings in shares of Invesco QQQ by 266.7% in the 4th quarter. Horizon Investments LLC now owns 1,012 shares of the exchange traded fund's stock worth $517,000 after purchasing an additional 736 shares during the period. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $123,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.00 during mid-day trading on Friday, hitting $560.80. The stock had a trading volume of 13,467,589 shares, compared to its average volume of 44,681,832. The business has a fifty day moving average price of $532.92 and a 200-day moving average price of $506.84. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $563.32.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ 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.

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