Bordeaux Wealth Advisors LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,910 shares of the exchange traded fund's stock after selling 802 shares during the period. Bordeaux Wealth Advisors LLC's holdings in Invesco QQQ were worth $3,240,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at $50,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ traded up $1.87 during midday trading on Friday, hitting $548.09. 57,440,636 shares of the company's stock traded hands, compared to its average volume of 38,990,169. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $549.99. The firm's fifty day moving average is $509.76 and its 200-day moving average is $504.06.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.
Invesco QQQ Company Profile
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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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