Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 861 Shares of Invesco QQQ (NASDAQ:QQQ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,954 shares of the exchange traded fund's stock after selling 861 shares during the period. Invesco QQQ makes up approximately 0.6% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors' investment portfolio, making the stock its 25th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Invesco QQQ were worth $4,199,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth about $36,000. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $528.99 on Friday. The business's 50 day moving average is $499.12 and its 200 day moving average is $503.35. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

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

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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