Capital Market Strategies LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Capital Market Strategies LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,767 shares of the exchange traded fund's stock after selling 1,895 shares during the period. Invesco QQQ accounts for about 0.9% of Capital Market Strategies LLC's investment portfolio, making the stock its 25th largest position. Capital Market Strategies LLC's holdings in Invesco QQQ were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $51,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.8%

Shares of QQQ stock traded up $4.10 on Monday, reaching $523.21. The company's stock had a trading volume of 44,563,388 shares, compared to its average volume of 37,704,717. The stock's fifty day simple moving average is $478.83 and its 200-day simple moving average is $501.16. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market capitalization of $327.87 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors 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.