Balboa Wealth Partners Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Balboa Wealth Partners trimmed its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,037 shares of the exchange traded fund's stock after selling 1,194 shares during the period. Invesco QQQ accounts for about 0.9% of Balboa Wealth Partners' investment portfolio, making the stock its 22nd biggest holding. Balboa Wealth Partners' holdings in Invesco QQQ were worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. NWI Management LP lifted its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 55,795.2% during 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 buying an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after buying an additional 895,277 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $5.06 on Thursday, reaching $546.22. 43,614,634 shares of the company's stock traded hands, compared to its average volume of 38,801,022. The business's 50 day simple moving average is $505.63 and its two-hundred day simple moving average is $503.71. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $547.05.

Invesco QQQ Cuts Dividend

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

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.