Benchmark Financial Wealth Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,639 shares of the exchange traded fund's stock after selling 520 shares during the quarter. Benchmark Financial Wealth Advisors LLC's holdings in Invesco QQQ were worth $768,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the 4th quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ traded down $4.65 during trading on Tuesday, reaching $546.99. The stock had a trading volume of 56,013,259 shares, compared to its average volume of 39,100,962. Invesco QQQ has a one year low of $402.39 and a one year high of $552.80. The firm's 50 day moving average price is $512.13 and its two-hundred day moving average price is $503.87.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
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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