Christopher J. Hasenberg Inc trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 66.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,061 shares of the exchange traded fund's stock after selling 34,122 shares during the quarter. Invesco QQQ accounts for 3.5% of Christopher J. Hasenberg Inc's portfolio, making the stock its 10th largest holding. Christopher J. Hasenberg Inc's holdings in Invesco QQQ were worth $9,412,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Atlantic Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. Finally, Putney Financial Group LLC bought a new position in Invesco QQQ in the fourth quarter worth $67,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Up 0.9%
Shares of QQQ stock opened at $591.68 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $591.79. The stock has a fifty day moving average price of $569.03 and a 200 day moving average price of $521.27.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.
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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