Advanced Asset Management Advisors Inc lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,361 shares of the exchange traded fund's stock after selling 834 shares during the period. Advanced Asset Management Advisors Inc's holdings in Invesco QQQ were worth $2,045,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth $37,000. Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the 4th quarter worth $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 1.3%
Shares of Invesco QQQ stock opened at $526.96 on Monday. The firm has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business has a 50-day moving average price of $492.58 and a 200-day moving average price of $502.73. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Invesco QQQ Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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