Invesco QQQ (NASDAQ:QQQ) Shares Sold by Castleview Partners LLC

Castleview Partners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 36.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,998 shares of the exchange traded fund's stock after selling 1,127 shares during the period. Castleview Partners LLC's holdings in Invesco QQQ were worth $937,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after purchasing an additional 568,120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded down $2.16 during trading on Friday, reaching $526.83. 61,548,834 shares of the company traded hands, compared to its average volume of 38,635,178. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business has a 50 day simple moving average of $500.57 and a 200 day simple moving average of $503.28.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 Company 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.