BigSur Wealth Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,535 shares of the exchange traded fund's stock after selling 1,100 shares during the quarter. BigSur Wealth Management LLC's holdings in Invesco QQQ were worth $1,191,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $1,018,000. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $815,000. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $4,623,000. Finally, Gemsstock Ltd. increased its position in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Down 1.3%
Shares of QQQ stock traded down $6.70 during trading on Friday, reaching $526.96. 55,743,632 shares of the company's stock were exchanged, compared to its average volume of 38,429,078. The firm's fifty day moving average price is $492.58 and its 200-day moving average price is $502.75. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a market capitalization of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Invesco QQQ 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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