Ameliora Wealth Management Ltd. Lowers Position in Invesco QQQ (NASDAQ:QQQ)

Ameliora Wealth Management Ltd. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,226 shares of the exchange traded fund's stock after selling 3,574 shares during the period. Invesco QQQ makes up approximately 2.0% of Ameliora Wealth Management Ltd.'s investment portfolio, making the stock its 12th largest position. Ameliora Wealth Management Ltd.'s holdings in Invesco QQQ were worth $5,264,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Crescent Sterling Ltd. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $287,000. Accurate Wealth Management LLC increased its stake in Invesco QQQ by 7.5% in the 1st quarter. Accurate Wealth Management LLC now owns 4,609 shares of the exchange traded fund's stock valued at $2,094,000 after buying an additional 320 shares during the last quarter. Prairie Sky Financial Group LLC increased its position in shares of Invesco QQQ by 34.7% during the 1st quarter. Prairie Sky Financial Group LLC now owns 5,212 shares of the exchange traded fund's stock valued at $2,444,000 after purchasing an additional 1,344 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in shares of Invesco QQQ by 91.4% during the 1st quarter. Fiduciary Financial Group LLC now owns 11,374 shares of the exchange traded fund's stock worth $5,075,000 after purchasing an additional 5,433 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Invesco QQQ by 38.0% in the 1st quarter. Simplicity Wealth LLC now owns 7,783 shares of the exchange traded fund's stock worth $3,650,000 after acquiring an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $1.80 during mid-day trading on Wednesday, reaching $532.41. The company's stock had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. The company has a market capitalization of $333.63 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm's fifty day moving average price is $485.97 and its two-hundred day moving average price is $502.25.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.