Bank Pictet & Cie Europe AG reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,012 shares of the exchange traded fund's stock after selling 1,811 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Invesco QQQ were worth $30,359,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Down 1.0%
NASDAQ QQQ traded down $5.21 during mid-day trading on Tuesday, reaching $529.08. 41,752,700 shares of the stock were exchanged, compared to its average volume of 38,448,220. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The business's fifty day simple moving average is $494.94 and its 200 day simple moving average is $502.90.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Company 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.
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